ZEG Power accelerates growth 

Announces Investment from StartupLab 

Oslo, NORWAY — November 26, 2018 — ZEG Power has closed on an investment from StartupLab, an incubator focusing on building and scaling technology startups out of Norway, combining funding, support and a unique network.

«This investment is strategic to StartupLab, as it aligns with our focus on the green energy sector», says Tor Bækkelund, partner at StartupLab. «We have followed the team over a period, and we are strongly impressed by the team’s ability to execute».

Kathrine K. Ryengen, CEO of ZEG Power, responds: “This investment is of important value to ZEG Power. StartupLab is respected and well recognized and their recognition of the ZEG technology for high efficient green energy production from gas is thus highly appreciated. By this investment, ZEG Power can accelerate the growth of the team, required for further commercialization»

ZEG Power is aiming at a further capital raise short term to enable execution of key activities, including the upscaling of the technology to a first commercial 1MW hydrogen production plant with integrated CO2 capture.

Fredrik Mowill appointed Chairman of the Board of ZEG Power

Fredrik Mowill is appointed chairman of ZEG Power from October 1, 2018.

Fredrik has extensive experience in commercializing new and innovative technology through his previous role as CEO of Opra Turbines, a company that has developed and commercialized an innovative turbine technology. Fredrik was leading the company from early stage, through a challenging period of significant technological development, industrialization, product and license sales, as well as internationalization.

Fredrik also has previous experience from startup companies and management consulting (AT Kearney).

Fredrik holds an engineering degree from Cardiff University in Wales, and an MBA from RSM in the Netherlands.

Fredrik will take on an active role as chairman in ZEG Power, providing advice and guidance based on his extensive experience and network, valuable for the company’s further development.

ZEG Power is looking forward to having Fredrik as part of the team!

FC Expo Tokyo

In February 2018, ZEG Power participated at FC Expo in Tokyo, the World’s Largest Show for Hydrogen & Fuel Cell.

The purpose was to meet and further develop our relationship with customers and partners.

ZEG Power attended the exhibit as part of a joint Norwegian initiative by the Norwegian Hydrogen Forum, together with other Norwegian companies related to the Hydrogen and Fuel Cell industry, such as Nel Hydrogen, Statoil, and Yara.

New Managing Director at ZEG Power

Kathrine Kværnæs Ryengen is hired as new CEO of ZEG Power. She will begin February 1, 2018.

She comes from Norsk Titanium where she held the position of Vice President Sales Operations & Business Development. She holds a Master of Industrial Economics and Technology Management from NTNU in Norway, with mechanical engineering as technical specialization. She further holds a Master of Technology Management from UNSW in Australia.

– What motivates you?
“I enjoy working in the interface between the commercial and technical aspects of a business. I find strong motivation in contributing to commercializing a Norwegian, innovative technology.”

– What do you look forward to in the new job?
“I look forward to taking on the exciting task of further developing ZEG Power. ZEG Power represents a disruptive technology that has global potential. We must have high ambitions and define the right strategy to ensure success.”

 

ZEG Power at Hannover Fair 2017

The Hannover Fair is the world’s leading trade fair for industrial technology and is held every year on the Hannover fairground in Hannover, Germany.

The H2FC is the Hannover Fair group exhibit for hydrogen, fuel cells and batteries and is Europe’s largest hydrogen, fuel cells and battery exhibition. This year H2FC had 160 exhibitors from 20 countries. ZEG Power attended the exhibit as part of a joint Norwegian initiative by the Norwegian Hydrogen Forum, together with NEL Hydrogen, Hystorsys, Hexagon Raufoss, CerPoTech and Greenstat.

ZEG Power has given a presentation on the “Upscale and commercialization of the technology” during the Technical Forum, a part of the exhibition.

New TechnoSER project started

ZEG Power has been awarded funding from the Research Council of Norway to carry out the first phase (April 2017-June 2018) of TechnoSER; Technical innovations for upscaling and commercialization of the Sorption-Enhanced Reforming technology. The project will bring relevant high level technical innovations for stand-alone hydrogen production with the Sorption-Enhanced Reforming (SER) technology, focused on process intensification. These technical innovations are expected to increase the overall performance of the reforming process with CO2 capture and to decrease significantly the investment and operation costs compared with conventional technology combining auto-thermal reforming, water gas shift and MDEA amine scrubbing. The brought innovations are also expected to make the SER process more competitive and attractive for potential industrial customers.

MoZEES Centre Kick-off

ZEG Power has joined MoZEES, the New Norwegian Research Centre on Mobility Zero Emission Energy Systems with focus on battery and hydrogen technology for transport applications. The kick-off meeting was held on the 20th and 21st of March at IFE facilities in Kjeller, Norway.

The main objective with MoZEES is to be a Centre for environment-friendly energy research (FME) with the goal to develop new battery and hydrogen materials, components, and technologies for existing and future transport applications on road, rail, and sea. MoZEES will consist of 7 national Research Partners, 6 international Research Partners, and more than 30 User Partners, including 20 commercial and industrial User Partners.

ZEG Power will contribute to MoZEES through its experience on hydrogen systems design and operation as well as hydrogen applications

Bio4fuels Centre Kick-off

ZEG Power has joined Bio4fuels, a Centre for Environment-friendly Energy Research (FME) based at the Norwegian University of Life Sciences (NMBU) and lead by SINTEF. The Centre kick-off meeting was held on the 9th and 10th of February at NMBU facilities in Ås, Norway.

The Centre aims to develop innovative technology and support industries to realize economic and sustainable conversion of lignocellulosis biomass and organic residues to transportation fuels, along with added value chemicals, heat and power. Key research is to increase the efficiencies and yields of major process steps within the different value chains, as well as achieving techno-economic insights for the optimal integration within and across value chains and greater understanding of the environmental consequences of the various value chains.

ZEG power will contribute to Bio4Fuels with its experience on the use of biofuels for the co-production of hydrogen and electricity.

https://www.nmbu.no/en/services/centers/bio4fuels

ZEG Power at the Hannover Fair

ZEG Power participated also this year at the Hannover Fair, the world’s largest industrial fair arranged every year in April.

The group exhibit of hydrogen, fuel cells and batteries is Europe’s largest hydrogen, fuel cells and battery exhibition. This year’s fair had 160 exhibitors from 25 countries. ZEG Power attended the exhibit as part of a joint Norwegian initiative by the Norwegian Hydrogen Forum, together with H2 Logic, NEL Hydrogen, Hystorsys, Hexagon Raufoss, CerPoTech and Greenstat.

The ZEG- technology was presented in the Technical Forum, a part of the exhibition. Participation in Hannover is important because ZEG Power is then visible, we get a nice opportunity to get updated in the field of hydrogen and fuel cells and not least because of the possibility of establishing new contacts and networking.

The Norwegian Booth at the Hannover Fair 2016

The Norwegian Booth at the Hannover Fair 2016

ZEG Power AS will exhibit at Hannover Messe 2016

You will find us in hall 27 at booth No. B60

Hannover