ALIAD, the Air Liquide group’s subsidiary dedicated to take minority stakes in innovative technology start-ups, has announced equity investments in three start-ups: McPhy Energy, Solumix and Xylowatt.
In order to support Hydrogen Energy’s innovative initiatives, Air Liquide has participated in the IPO of the French company McPhy Energy on the Euronext Paris stock exchange.
Founded in 2008, McPhy Energy develops generators that produce hydrogen by water electrolysis and hydrogen storage in solid magnesium hydride. To favor the use of hydrogen in the energy market, McPhy Energy provides industrial users and renewable energy producers with concrete solutions for energy production and storage.
Solumix is an innovative French start up created in 2012. Solumix developed a new insulating construction material, made from natural raw materials, which provides an answer to the ecological and economic challenges faced by the construction material sector. This investment will notably allow Air Liquide to leverage on the patents developed by its Research and Development department in the field of porous materials.
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