Blue Earth Capital
Assembly Line
Blue Earth Capital leads €25m growth funding round in Quatt, a leader in smart heat pumps
Quatt, an Amsterdam-based scale-up specializing in smart heat pumps, announces €25 million in a growth equity funding round led by Blue Earth Capital, with participation from Seaya Andromeda and existing investor Impact Equity Fund.
Quatt has experienced rapid growth over the past two years, installing over 7,500 smart heat pumps throughout the Netherlands, and the organization has seen significant expansion. “Due to its quick payback period, more and more Dutch people are opting for our heat pump,” says Marijn Flipse, CEO and co-founder of Quatt. “In the three years since our inception, we have secured a leading position in the heat pump market thanks to our consumer-centric approach, smart software and attractive design. By focusing on product development, sales, and installation all in-house, we deliver an excellent customer experience at a very competitive price. This is now recognized by international investors as well.”
Dynelectro secures €11 million for 1-MW Dynamic Electrolyser Unit
Dynelectro, a pioneering company in sustainable energy solutions, announces the successful closing of an €11 million investment round. This funding will enable the company to build its innovative 1-MW Dynamic Electrolyser Unit (DEU) technology, facilitating broader deployment into the green hydrogen market. Complemented by €9 million in grants from the European Innovation Council (EIC) and the Danish Energy Technology Development and Demonstration Program (EUDP), plus other regional programs, Dynelectro will utilise the funds for the development of DEUs from 150-kW prototypes to the commercial-scale fully modular 1-MW units.
Dynelectro’s technology focuses on next-generation solid-oxide electrolysis (SOE) and offers unparalleled system performance and longevity. SOE aids decarbonisation in hard-to-abate sectors by efficiently producing hydrogen and utilising industrial waste heat. It supports heavy industries and chemical production by providing on-site hydrogen, reducing emissions, and generating synthetic fuels and enabling the green energy transition in these sectors. SOE is poised to revolutionise the energy sector by enhancing energy efficiency, reducing costs and to facilitate broader renewable integration.