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BGF-backed Bramble Energy secures £35m to support net zero mission

BGF News 02.15.2022
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London-based fuel cell company Bramble Energy has closed a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.

This investment has been led by HydrogenOne Capital Growth plc and is supported by BGF, alongside additional investors, IP Group, Parkwalk Advisors and the UCL Technology Fund.

The funding round will allow Bramble Energy to roll out its portable power products globally as well as continue to develop its liquid cooled fuel cell stack capability. Through this phase, Bramble Energy will deploy its disruptive fuel cell stack technology in a variety of strategic commercial applications to enable decarbonisation across a number of industries and sectors. In doing so, Bramble Energy will move another step closer to becoming the go-to name in scalable fuel cell technology and at the same time become a leading UK-based net zero success story.

BGF led the £5 million Series A round into Bramble Energy in March 2020. Since then, Bramble has rapidly grown from a team of three to 35 and is fast becoming a leading hydrogen fuel cell provider, helping to deliver a cleaner and more sustainable world.

The additional funding announced today will help Bramble Energy grow its UK-based team to over 100 employees and provide a springboard for the deployment of zero emission projects with commercial partners and to ultimately achieve its goal of becoming the largest fuel cell supplier in the world.

CEO and Co-Founder of Bramble Energy, Dr Tom Mason, comments: “There is no bigger challenge that humanity faces than the climate crisis and our team’s core purpose is to help the world achieve net zero. Hydrogen fuel cells have long been viewed as a ‘future’ solution however deployment of this clean energy technology has been hindered by complex manufacturing and the high costs associated with this.

“This is a hugely exciting time for Bramble Energy, with many eyes focused on the UK’s leadership role in the transition to a greener economy. The recent Series B funding round allows us to continue solving some of the greatest barriers to the adoption of fuel cells – through our ground-breaking manufacturing route, scale-up potential and low-cost production.”

Ian Downing, investor at BGF, said: “Bramble Energy operates in a critical segment of the cleantech sector, which promises to be a key component of achieving Net Zero. Since our initial investment in 2020, the business has continued to grow at pace, and this latest investment will enable the business to ramp up its product development and build further partnerships with key collaborators. With additional support from HydrogenOne, Bramble is set to become the go-to name in affordable, scalable fuel cell solutions.”

BGF is one of the leading investors in the field of clean growth, having already committed £225 million to the sector. In addition to the burgeoning hydrogen fuel sector, BGF invests in a number of innovative companies that are doing essential work to help the UK on the road to net zero. These include companies involved in battery technology, wind turbine maintenance, recycling, and energy efficient building practices.