H2Electro received a state grant of 1.7 million euros!

H2Electro received a state grant of 1.7 million euros!

📣Great news! We have received a state grant of 1.7 million euros! 💥

H2Electro successfully completed the fourth round of the programme for applied research (RUP) by the Enterprise Estonian (EAS) and the Estonian Credit and Export Guarantee Fund (KredEx). Together with our partner, the Danish company Dynelecto, we have been awarded funding of 1.7 million euros for the development of innovative technology.

A total of 14 companies received funding amounting to 15 million euros. The budget for this application round allowed for the approval of the top 14 ranked applications, with H2Electro’s application securing the 5th position. In total, 41 projects were submitted, and each application was evaluated by 2-4 experts, including technology and economic experts. A total of 67 experts from various fields were involved in the evaluation process.

Among the development projects, there are solutions in the fields of medicine, drone development, digitalization of agronomy, future food, fertilizer production, and the construction of new types of electrolysers.

We are extremely proud of our team and would like to express our gratitude to EAS and KredEx for their trust and support! 🎉