The Limited Times

Now you can see non-English news...

An SME raises 14 million euros to develop hydrogen heating systems

2023-01-24T19:02:47.640Z

This fundraising will allow the company to use its “carbon-free” processes in a new, less polluting “hybrid” heating system.



Bulane, a company in the south of France producing hydrogen-powered welding torches, announced on Tuesday that it had raised 14 million euros to transpose its "

decarbonized

" processes to large consumers of fossil fuels such as boilers. buildings and industrial furnaces.

To discover

  • Pension reform: calculate the age at which you will finally leave

To heat its torches, Bulane currently uses hydrogen produced by electrolysis (a process of passing an electric current through water) rather than traditional acetylene gas cylinders.

This process is much less polluting, provided that renewable (solar, wind or hydroelectric) or carbon-free (nuclear) electricity is used.

Read alsoEurope at the forefront of global hydrogen innovation

Thanks to this fundraising, the Montpellier SME wishes to transpose to other industries the technology it has developed for its torches, in order to heat bakery or ceramic ovens for example, or even for heating buildings. , explained to AFP its founder and boss Nicolas Jerez.

With this process, industrial furnaces and building boiler rooms, which generally consume butane and propane, could switch to a "

hybrid

" operating mode, like cars combining combustion and electric engines, said Nicolas Jerez.

Read alsoThe French Hopium hydrogen sedan could reduce the airfoil

Hydrogen would be used when the necessary electricity is available and cheap, while carbon gases would take over when the electricity network risks saturation or when electricity prices are high

,” he adds.

The 14 million euros raised in recent weeks from historical investors in Bulane, energy and construction players and several banks should allow the company to grow from twenty to fifty employees, said Nicolas Jerez.

Source: lefigaro

All business articles on 2023-01-24

You may like

Trends 24h

Business 2023-01-26T08:27:18.777Z
Business 2023-01-26T18:40:45.534Z

Latest

© Communities 2019 - Privacy