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2024

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Atmen Garners €1,3M For Breakthrough Carbon Intensity Certification Tech In The EU Industrial Sector, Hydrogen Included

Author:

Hydrogencentral


 

Atmen Garners €1,3M For Breakthrough Carbon Intensity Certification Tech In The EU Industrial Sector, Hydrogen Included.

 

Atmen, a Munich-based regulatory technology company, announced a successful €1.3 million pre-seed funding round today. The round was led by Revent with co-investment from Vireo Ventures with participation from UnternehmerTUM and angel investors. Atmen, previously known as Point Twelve, harnesses IoT and SaaS to provide transparent, dynamic and automated carbon intensity certification for energy-intensive industries. The company starts with hydrogen and e-fuels.

Atmen’s technology is poised to meet the surging demand for precise, scalable certification processes, especially crucial for energy-intensive industries that contribute significantly to CO2 emissions. The investment will accelerate Atmen’s mission to replace outdated, manual, unpredictable certification processes with a streamlined, automated approach.

 

Henrik Grosse Hokamp, Partner at Revent, said:

 

We are thrilled to lead Atmen’s funding round.

 

“Industrial decarbonization is one of the most pressing challenges of our decade. Unless carbon intensity is continuously tracked and certified, producers cannot prove their target achievement and product decarbonization cannot be incentivized.”

 

Automated certification for a greener industry


Atmen addresses a critical energy transition segment by focusing on hydrogen and e-fuels. The evolving EU regulations, including the Renewable Energy Directive mandating a 42% renewable hydrogen quota by 2030 and financial mechanisms like the EU Emissions Trading System and Carbon Border Adjustment Mechanism, are pushing industries towards greener alternatives. These regulations, along with potential penalties for not using sufficient synthetic fuels in sectors like maritime and aviation by 2030, create a compelling economic factor for industries to adapt.

Atmen recognizes the challenges of aligning with market demands and regulatory compliance. To tackle these issues, the company offers technology that enables producers to incorporate sustainability certification right from the initial design phase of their products and supply chains. In addition, the company collaborates with industry partners to both promote Digital Product Passports as a norm for hydrogen and e-fuels and to enable compliance technologies. 

 

Leading renewable hydrogen producer Lhyfe and TÜV Nord count among Atmen’s key partners.  

 

Digital Product Passports digitally record, process, and share product sustainability information among supply chain partners, authorities, and consumers. This initiative aims to help hydrogen and e-fuel producers comply with changing regulations and globally competing certification standards.

Supporting the transition to a low-carbon economy

Flore de Durfort, Co-founder & CEO of Atmen, said:

 

We are at a turning point in how industries verify their sustainability efforts.

 

“Hydrogen and e-fuels are a core piece of industrial decarbonization, but also the first energy-intensive products for which the pressure and complexity to prove and certify decarbonization are so acute”.

Sven Heiligtag, Partner at Vireo Ventures, said:

 

Carbon intensity tracking and certification is one the single biggest pain points in scaling the green hydrogen economy and we believe that Atmen´s solution has the potential to become the industry-setting standard in this field.

 

“Once achieved, this offers enormous potential to be a new category-defining player in the certification of all low-carbon products.,”

 

‍With this funding, Atmen is well-positioned to deliver its cutting-edge certification platform to market, supporting the transition to a low-carbon economy.

 

Source:Hydrogencentral

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