Hydrogen Storage Developer C.EN LTD. Completes Financing Round with Generali Group
Zurich, Switzerland–C.En Ltd., developer of a breakthrough hydrogen storage technology, has announced that it has completed a round of equity financing with global insurance and financial giant Generali Group.
Generali Group is one of the largest insurance groups in Europe, operating in over 60 countries, with more than 460 subsidiary companies in the insurance, financial and property fields.
Generali Group is committed to the development of various realms of sustainability, and is focused on pioneering technological innovations in the environmental sector.
Funding by Generali Financial Holdings (FCP-FIS) – as well as by other leading global partners- will be used to further enhance environmentally sustainable applications of C.En’s hydrogen storage technology.
C.En’s unique and innovative technology enables the storage of hydrogen, at very high pressures, in special glass capillaries, thereby offering the first compact, lightweight, safe and economical hydrogen storage solution. “We are fortunate to add Generali to our strong group of existing investors who support our vision and unique technology,” notes Mr. Moshe Stern, President and C.E.O. of C.En Ltd., and adds, “The funding will help advance our vision of turning hydrogen into the leading clean energy source of the future.”
