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Energy Tech Series A Founded 2018

Dynelectro

Dynelectro designs and manufactures MW-scale reversible solid oxide electrolyser (SOEC) systems that produce green hydrogen with up to 90% electrical efficiency for industrial decarbonization, energy storage, and power generation. The company's Dynamic Electrolyser Units are available in four modular configurations: 250 kW (5.4 kg/h hydrogen output), 1 MW (27 kg/h), 5 MW (135 kg/h), and 20 MW (540 kg/h), enabling…

📍 Copenhagen, Denmark · Energy Storage Tech

Funding snapshot

Last roundSeries A
Amount$10M
Date11 July 2024
Total raised$17M
Team size25

About

Dynelectro designs and manufactures MW-scale reversible solid oxide electrolyser (SOEC) systems that produce green hydrogen with up to 90% electrical efficiency for industrial decarbonization, energy storage, and power generation. The company's Dynamic Electrolyser Units are available in four modular configurations: 250 kW (5.4 kg/h hydrogen output), 1 MW (27 kg/h), 5 MW (135 kg/h), and 20 MW (540 kg/h), enabling deployment from pilot projects to industrial-scale Power-to-X facilities. Dynelectro's proprietary technology enables dynamic operation with load-following of fluctuating renewable energy sources, delivering hydrogen with high electrical efficiency while simultaneously providing fast-reacting ancillary grid-stability services. The reversible SOEC design allows the system to operate in both electrolysis mode (producing hydrogen) and fuel cell mode (generating power), maximizing operational flexibility and revenue streams. The company holds several significant patents developed in collaboration with university and industrial partners across Europe, with approximately 20 million euros invested in research and innovation across flagship projects including HiFiMet, DynEfuel, Shell GameChanger, DynAmmonia, and DynH2. Dynelectro differentiates itself through its focus on lowest possible Levelized Cost of Hydrogen (LCOH) over the plant lifespan, achieved through low energy consumption and reduced maintenance costs. Founded in 2018 and headquartered in Copenhagen, Denmark, Dynelectro has raised approximately $16.7 million in a Series A round backed by Shell, Yara Growth Ventures, the European Investment Bank, EIC Fund, Danmarks Eksport og Investeringsfond, Europa, VSquared Ventures, The Footprint Firm, and PSV Deeptech.

Business model

Energy Storage Tech > Fuel Cell > Solid Oxide

Institutional investors

Shell Europa Danmarks Eksport og Investeringsfond Yara Growth Ventures VSquared Ventures The Footprint Firm PSV Deeptech European Investment Bank EIC Fund

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