Modular SMR hydrogen producer BayoTech receives $157M investment
BayoTech, Inc., a provider of on-site hydrogen production, received an equity investment of up to $157 million from Newlight Partners LP, a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. The proceeds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.
Bayotech provides modular hydrogen generation systems using energy-efficient steam methane reformers (SMR). Current containerized BayoTech systems produce hydrogen at a rate of 200 kg H
2, 500 kg H
2 and 1,000 kg H
2 per day. The company is developing systems capable of producing 5,000 kg, 10,000 kg and 30,000 kg of hydrogen per day.
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BayoTech, Inc. (“BayoTech”), a global leader in on-site hydrogen production, today announced it has received an equity investment of up to $157 million from Newlight Partners LP (“Newlight”), a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. The proceeds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.
BayoTech is an energy solutions company committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long-term demand as a fuel source, including its role in global decarbonization efforts. Today, most hydrogen is produced at large, centralized facilities before being delivered to end users. BayoTech, through its on-site hydroge