INSIGHTS / News

Suiso, a member of the Hydrogen and Sustainable Transport Economy Accelerator, has secured funding from Mercia’s EIS Funds and NPIF – Mercia Equity Finance, which is managed by Mercia Ventures and part of the Northern Powerhouse Investment Fund.

The investment will propel the company’s pioneering efforts in developing zero-carbon hydrogen generators, marking a significant step towards a more sustainable, energy future.

Suiso’s solution is a patented microwave-driven methane pyrolysis process. This revolutionary technology produces affordable, environmentally friendly hydrogen by decarbonising both natural and bio-gasses.

With this investment, the company’s plans include the deployment of shipping container-sized hydrogen generators, each capable of producing 1,000 kilograms of hydrogen or more daily. Through a comprehensive benchmarking exercise conducted by the Department for Business, Energy & Industrial Strategy (BEIS), Suiso emerged as a frontrunner with the lowest cost of hydrogen in key applications and significantly lower carbon emissions compared to grid-powered electrolysis.

Suiso’s hydrogen generation process boasts impressive environmental performance. Studies have shown that emissions have been reduced by as much as 97% compared to stream methane reforming and consumes 80% less energy than electrolysis. Additionally, the technology features minimal equipment capital costs, making it one of the most economically viable options for hydrogen production tailored to customer needs.

Stuart McKnight, CEO, Suiso, said: “Hydrogen is rapidly emerging as a sustainable way to decarbonise the economy, but cost, availability and other practical issues have held back its use. Our technology offers a way to overcome these and provide clean, low-cost power on-site. For some organisations, Suiso’s on-site hydrogen generation may be the only realistic ‘green’ option – for example, energy-intensive industrial applications such as large boilers or furnaces, heavy lifting gear or HGV and truck refuelling. This investment will help us move to the next stage on our journey to bring it to market.”

Ashwin Kumaraswamy, Investment Director, Mercia Ventures, added: “Suiso has found a way to decarbonise natural and biogas to produce ‘greener’ hydrogen than many current methods of production including grid powered electrolysis, and a zero-emission form of carbon black which is a valuable product in itself. This technology could make hydrogen a viable option for many businesses and drive rapid uptake. With growing global demand for clean energy, we are confident that Suiso will have many opportunities ahead.”

For more information, see www.suiso.co.uk