Jolt, ICIQ’s spin-off, secures €6 million in funding to boost its green hydrogen technology
Summary
Currently, they continue to develop their electrodes in the ICIQ laboratories in Tarragona.Jolts objective is to promote an economy based on green hydrogen obtained through the electrolysis of water, using electricity from renewable energy sources to break down the water molecule and obtain oxygen and hydrogen. The technology developed by the company stems from research led by Prof. Julio Lloret-Fillol, ICIQ Group Leader, ICREA Professor and entrepreneur of the project, who focuses his work on the development of catalysts for artificial photosynthesis and has counted the support of the institute to patent the technology and create a spin-off capable of commercialising this innovative application.The ICIQ has promoted knowledge transfer and Jolt is a clear example of science going beyond the laboratory to provide solutions to real challenges such as sustainable energy production, says Prof. Lloret-Fillol.The financing round through which the company has raised 6 million was led by Climentum Capital, Ship2B Ventures and Axon Partners Group, as well as two family companies and the initial investor, called NET. This investment will allow Jolt to deploy its full scientific and technical potential, and thus promote innovation by launching new products based on activated diaphragms and membranes for the AEM, PEM and water treatment markets in 2024.Thanks to its cutting-edge technology, Jolt is revolutionizing the production of alkaline and anion exchange membrane electrodes, demonstrating improved energy efficiency and exceptional durability of over 10 years, surpassing existing commercial electrodes in the market. Leon Rizzi, CEO of the company, states Electrodes are the heart of all electrolyzers and fuel cells. The company has developed a combustion solution ready to replace traditional coating solutions used in the production of activated electrodes.Jolt is a spin-off from the Institute of Chemical Research of Catalonia (ICIQ-CERCA) and a participant in The Collider innovation program driven by the Mobile World Congress.