Hydrogen is likely to play a significant role in decarbonisation, in the UK it’s envisaged to bridge the gap between electrification and natural gas whereas in resource-poor countries such as Japan or South Korea it’s a strategic future fuel.
The majority of start-ups in the space have focused on pushing new fuel cell/electrolyser designs to market (Bloom Energy, ITM Power etc.), but have failed to find profitability after their IPOs. Fuel cell tech looks to be on a similar trajectory to photovoltaics, where Chinese manufacturers will dominate with lowest raw material and labour costs.
Venture-backable opportunities are likely to lie in areas where we can take advantage of the growing use of electrochemical stacks in the hydrogen value chain. For example, would it be possible to create a fuel cell operating system that is able to ensure optimal operation of the stack and provide early warning of failure?
You will join our in-house team of entrepreneurial scientists to lead opportunity analysis and venture creation in this particular area. Specifically, you will focus on mapping out the constraints and limitations currently leading to a lack of innovation. Then, after just six to nine months, it’s anticipated that you will co-found up to three start-ups in this space, taking the role of CEO or CTO at one.
partnerships with some of the world’s leading companies in the industry to support our teams working on transition to clean fuels.
If you found a company whilst working with us,
there’s up to £500k of investment, and at least £100k in grant funding, plus the further opportunity to carry out 6 figure industrial proof of concept work.
No prior idea or IP required.