Suiso
Assembly Line
Suiso snaps £3M to produce low-cost, low-carbon hydrogen
Suiso which develops a hydrogen generator that could boost the uptake of green energy, has raised £3 million in funding from NPIF – Mercia Equity Finance that recently invested in Pimberly and Eventum Orthopaedics. The investor is managed by Mercia Ventures and is a part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds.
The latest investment will enable it to scale up its technology and begin a pilot project. It aims to produce generators that can produce 1,000 kg of hydrogen a day, which is equivalent to 1.6 MW of energy and enough to fuel 50 20-tonne trucks. The company, which currently employs five staff, expects to create seven new jobs in the next six months.