HyWaves Stakeholder Newsletter – July 2025
The last few months have seen some significant updates for the company with both technology development and Commercial Traction with industry. Alongside this we have expanded our fantastic team by taking on Troy Stewart an experienced as an experienced board advisor. In addition, Venkat has officially joined the company as a Renewable Energy Engineer. Having spent the past two years working closely with us at Cranfield University, Venkat is now focused on driving our technical innovation forward.
We are also delighted to announce that we are raising our Seed round to demonstrate our technology on a commercial plant. The investment round will build on our tremendous progress and two active Innovate UK grant projects. The Seed funds will enable us to demonstrate our technology on an industrial-scale electrolyser and produce low-cost green hydrogen for off-takers.
Experienced professional investors can contact us for further information and arrange a visit to our pilot plant, where you can see first hand the true potential of our technology.
Please see some highlights from the past few months:
Updates
Highlights
- UK Patent granted for H2Top (GB2627434)
- Operational Cranfield test site delivering early system-level validation
- EDP Innovation provide financial contribution to the Cranfield test site
- Lightsource BP installs experimental solar arrays at both UK HyWaves sites, Cranfield and South Wales
- Two hydrogen electrolysers commissioned at the Cranfield site (PEM + Alkaline)
- Successful industry open day was held with key industry stakeholders including BP, EDP and Bosch
- Phase II Solar to Battery integration technology launched, expected patent submission in Summer 2025
- Ongoing development of a 100 kW PEM hydrogen system in Taiwan powered by HyWaves, in partnership with local integrator HiPower. The hydrogen will be off-taken by nearby semiconductor manufacturers.
Investment / Grants
- Seed round launched (July 2025) – £2.2m target to scale technology to commercial demonstration
- Two active Innovate UK grants with a combined total of over £600k remaining funding for HyWaves
- EDP Innovation provided the company’s first R&D revenue through strategic funding of the Cranfield test site
Commercial Traction
- ZTT MOU signed with a commitment to co-develop a hydrogen site using HyWaves technology
- Lightsource BP have provided a Letter of Support in connection with solar supply at both UK pilot sites
- Lotus Flash Charge have provided an experimental EV charger to the Cranfield site with interest in further collaboration
- Power to Hydrogen (US) agrees to submit a major EU/UK funded project application
Team
- Troy Stewart appointed as a NED. Troy has held senior positions at ABB and is the current Global Director Innovation and Business Transformation TÜV Rheinland
- Venkat Lakshminarayanan employed as a Renewable Energy Engineer. Venkat brings experience in industrial control systems and renewable energy/battery systems
HyWaves has two active test sites in the UK:
- Flagship site at Cranfield University, close to Milton Keynes
- Second site in South Wales at the USW hydrogen R&D centre, home to the HyWaves solar to battery technology development
You can download the Newsletter here:
HyWaves Stakeholder Newsletter
