Hydrogen fuel cell company Bramble Energy secures £35m
London-based fuel cell company Bramble Energy has closed a £35million investment round to help further expand its capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.
Current hydrogen fuel cell technologies are limited because of cost, inflexibility, manufacturing complexity and scaling issues. However, Bramble Energy is a disruptor in the clean tech space and has developed a unique, patent-protected, printed circuit board (PCB) fuel cell – the PCBFC™. This utilises the printed circuit board (PCB) industry and allows them to turn around bespoke fuel cell stacks from design concepts to physical units within days.
This investment has been led by HydrogenOne Capital Growth plc and is supported by the existing institutional investors (BGF, IP Group, Parkwalk Advisors and the UCL Technology Fund) and will allow Bramble Energy to roll out its portable power products globally as well as continue to develop its liquid-cooled fuel cell stack capability.
Through this phase, Bramble Energy will deploy its disruptive fuel cell stack technology in a variety of strategic commercial applications to enable decarbonisation across a number of industries and sectors.
Following the previous funding round in summer 2020, Bramble Energy has rapidly grown from a team of three to 35. The additional funding will also help Bramble Energy grow its UK-based team to over 100 employees and provide a springboard for the deployment of zero-emission projects with commercial partners as the company aims to become the largest fuel cell supplier in the world.
CEO and Co-Founder of Bramble Energy, Dr Tom Mason, comments: “There is no bigger challenge that humanity faces than the climate crisis and our team’s core purpose is to help the world achieve net-zero. Hydrogen fuel cells have long been viewed as a ‘future’ solution, however deployment of this clean energy technology has been hindered by complex manufacturing and the high costs associated with this.
“This is a hugely exciting time for Bramble Energy, with many eyes focused on the UK’s leadership role in the transition to a greener economy. The recent Series B funding round allows us to continue solving some of the greatest barriers to the adoption of fuel cells – through our ground-breaking manufacturing route, scale-up potential and low-cost production.”
In 2020, the UK government released its 10 point plan for a green industrial revolution with hydrogen cited a number of times as a pillar of building back better to decarbonise. The availability of hydrogen as a fuel, with the environmental advantage of a zero-emission system, gives fuel cells the potential to be an outstanding renewable energy solution.
Fuel cells can be scaled to demand and have applications ranging from stationary, primary power sources providing stable and high-power density off-grid electricity, to portable applications such as drivetrain integration for automotive power and even as small as mobile phone power.
Chairman Simon Hogan of HydrogenOne Capital, adds: “We are delighted to invest in Bramble Energy – a pioneer in hydrogen fuel cells – and are looking forward to working with the management team as the business scales. This is the latest transaction in a series of investments HydrogenOne Capital has made within the sector, showing that there is real momentum in our investment strategy and that we are creating a strong platform for further investments.”
“Bramble Energy’s goals are ambitious, and we are aiming high with our purpose. I believe the potential for our technology is limitless and with that in mind, we aim to decarbonise as many sectors as possible on a global scale. As net-zero goals near, there are only going to be more and more opportunities that present themselves for our technology to develop and work to aid the clean energy transition. The target is for Bramble to become the go-to name in affordable, scalable fuel cell solutions,” concludes Mason.