Announced
Synopsis
ABB Technology Ventures, a venture capital firm, agreed to invest in Key DH Technologies, an operator of deuterium and hydrogen business intended to create a healthier, cleaner, and connected world. Financial terms were not disclosed. “We look forward to building on our companies’ two-year working relationship to pursue the enormous global opportunity of green hydrogen. Following a rigorous validation of the RuggedCell™ technology, we are confident that, in combination with ABB’s high-power rectifiers, it can become a category leader in the large-scale green hydrogen segment. Our complementary technologies will strengthen the Hydrogen Optimized value proposition and fast-track the commercialization of the RuggedCell," Joachim Braun, ABB Division President.
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