Lancaster-based NanoSUN, which supplies mobile hydrogen storage and refuelling systems, has won £12 million in new funding. The biggest funder was a £9.05 million private equity injection from HydrogenOne Capital Growth plc, with other new investors including Germany’s Westfalen Group.
NanoSUN’s mobile Pioneer hydrogen refuelling stations provide a flexible and low cost connection between hydrogen customers such as truck stops, and concentrated hydrogen supply sources. The Pioneer units are filled with hydrogen at source, and transported to customer sites, where they provide storage and refuelling facilities in in a single, re-fillable system. It says combining distribution and dispensing equipment into a single unit is more flexible and lowers structural costs by 60% compared with traditional systems.

NanoSUN intends to use its new funding proceeds to increase its manufacturing capacity and develop larger units.
Simon Hogan, chair of HydrogenOne said “We are pleased to announce the purchase of this stake in NanoSUN, which supports our strategy of investing in companies central to the growth of clean hydrogen production. NanoSUN’s refuelling equipment is set to be integral in the downstream hydrogen sector, and HydrogenOne believes that NanoSUN will be a leader in this field. We look forward to working with NanoSUN’s management team to make the most of its significant potential.”
Graham Hodgson, NanoSUN’s founder and chair said; “This fundraise is all about scaling NanoSUN so we can help our customers to accelerate the roll out of thousands of fleets of hydrogen buses, trucks, vans and forklifts over the coming years. In Hydrogen One, we are delighted to have found a patient capital investor that shares our vision and values for the future of NanoSUN, with the resources to help us turn it into reality.”