The Scoop
Photoncycle, a Norwegian startup, raised €15M in Series A led by NordicNinja and Voima Ventures. They'll scale their solid-state hydrogen energy storage, converting summer sun into winter power for homes across Europe.
The Context
Photoncycle addresses Europe's energy vulnerability post-2022, aiming to reduce reliance on imported fossil fuels. With 62.5% of household energy used for heating, replacing imported gas is critical. Solid-state hydrogen storage converts excess renewable energy, offering seasonal energy resilience.