RenCat Aps is a startup that was founded in 2014 and operates in the industries of Energy and Energy Efficiency. The company is focused on commercializing a patent-pending fuel processing technology to convert ammonia to Proton Exchange Fuel Cell (PEMFC) grade hydrogen. The technology developed by RenCat utilizes non-noble metal catalysts for hydrogen generation and an abundant inexpensive metal oxide to purify the hydrogen of trace ammonia. This approach stands in stark contrast to competitor technologies, such as Pd-based membranes, which are not only expensive but also plagued by stability problems. RenCat's innovative approach aims to significantly reduce the cost and improve the accessibility of fuel cell power. One of the key innovations of RenCat's technology is the use of an inexpensive mixed metal oxide-based catalyst to selectively oxidize trace ammonia after the cracking step, generating high-quality PEMFC-grade hydrogen. The company has also developed a patent-pending catalyst that reduces ammonia concentration to zero through selective ammonia oxidation (SAO). Additionally, RenCat has successfully replaced the noble and expensive Ru with an abundant and inexpensive FeNi alloy, further driving down costs. The company's groundbreaking approach, which leverages very inexpensive metal oxides and metal alloys as catalysts, has the potential to reduce the price of H2 generators by at least an order of magnitude compared to Pd-membrane-based systems. RenCat's potential was recognized through a €50.00K grant investment on 01 February 2017, with funding from EASME - EU Executive Agency for SMEs. This investment underscores the growing confidence in the potential impact of RenCat's technology in revolutionizing the field of hydrogen generation and fuel cell power.
Funding Stage | Amount | No. Investors | Investors | Date |
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Grant | €50.00K | 1 | EASME - EU Executive Agency for SMEs | 01 Feb 2017 |