Latvian startup Naco Technologies has secured a €2.3 million grant from the European Innovation Council’s (EIC) EIC Accelerator programme and an investment to continue its work in the field of green hydrogen production. The total funding received is €10 million.
The startup’s project is aimed at creating specialized nano-coatings and new materials that replace the need for platinum and other expensive materials in the production and usage of hydrogen at a massive scale.
Naco Technologies provides catalytic and protective coatings for hydrogen system components, such as membranes, anodes, cathodes and bipolar plates. Its technology allows creating complex, nano-composite coatings with outstanding properties (precise thickness control from 5 nm to 5µm, high density, conductivity, and corrosion resistance).
