Photoncycle raises €15M Series A funding
The funding supports commercial launch of seasonal energy storage in Denmark and Netherlands ahead of 2027 net metering phase-out. It enables manufacturing scale-up to 1.4 TWh capacity.
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Year-round solar energy system for residential heating and electricity
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In short: Photoncycle raised €15 million in Series A funding to advance its residential solid-state hydrogen storage technology for seasonal energy use.
The funding supports commercial launch of seasonal energy storage in Denmark and Netherlands ahead of 2027 net metering phase-out. It enables manufacturing scale-up to 1.4 TWh capacity.
He explains the interdisciplinary integration of electrolysis, hydrogen storage, and fuel cells for 10,000 kWh seasonal energy storage. A full-scale pilot unit is operational.
It enables households to store excess solar energy from summer for winter use, enhancing sustainability and energy resilience amid Europe's grid concerns. The factory location remains undisclosed.
It supports European deep-tech and climate-tech pioneers and strengthens Photoncycle's ties to Lifeline's portfolio. Photoncycle celebrates the fund's potential to accelerate sustainable energy breakthroughs in Europe.
Photoncycle also plans to introduce the system through a subscription model aimed at reducing upfront costs for homeowners while integrating solar, storage, and energy trading...
Photoncycle has raised €15 million to develop hydrogen systems that can store a home's excess solar energy for months, CEO Bjørn Brandtzæg tells Axios Pro...
Norway’s Photoncycle has created a battery system that can be used by households to store surplus solar power for later use.
New leader: Elina Koivisto will work to ensure a good go-to-market strategy as the new growth leader in Photoncycle.
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