Noble Gas Systems, a Wixom, MI-based developer and producer of conformable high-pressure hydrogen gasoline storage vessels, raised $4.2M in Sequence B funding.
The spherical was led by AP Ventures, with participation from new buyers ALIAD (Air Liquide Enterprise Capital) and NOVA by Saint-Gobain, the enterprise arm of Saint-Gobain.
The corporate intends to make use of the funds to help growth testing of its 700 bar (10,000 psi) design {qualifications} and completion of the appliance course of to obtain the U.S., the pilot manufacturing plant, and broaden the analysis and growth groups.
Led by CEO Chris Kondogiani, Noble Gasoline has developed a high-pressure, light-weight storage and supply system that may accommodate the commonest compressed gases, together with hydrogen, pure gasoline, air, oxygen and nitrogen. The gasoline storage system could be fabricated in quite a lot of sizes and shapes to be built-in into current product configurations. Along with the transportation trade, it has functions in protection, aviation, marine and industrial gasoline industries.
Noble Gasoline just lately relocated to a 32,000 sq. ft. facility in Wixom, Michigan, to consolidate the business and manufacturing operations, forming the corporate’s world headquarters. The pilot manufacturing plant, at the moment in growth, will manufacture vessels for low-production-volume initiatives and demonstrates the corporate’s dedication to U.S.-based manufacturing.
FinSMEs
19/03/2025
