CYRUS Low-energy hydrogen compressor sees the day thanks to EquiFund in Greece
Hydrogen power has been on the market for years but in an extremely limited capacity. Today's climate and geopolitical challenges illustrate the urgency of developing hydrogen as a technology and support for this has never been stronger.
Backed by an initial pre-seed equity investment of EUR 200 000 from the equity financial instrument Uni.fund I, a start-up named Cyrus developed a first-class prototype of a non-mechanical hydrogen compressor with low-energy requirements and zero noise levels. Uni.Fund I was set up with the support of EquiFund, a fund of funds created by the Hellenic Republic and the European Investment Fund (EIF) to develop the venture capital and private equity ecosystem in Greece with support from the European Regional Development Fund (ERDF).
Cyrus stems from a protagonist’s name in Jules Verne’s 1875 novel “The Mysterious Island”, named Cyrus Harding. In the book, he explains how hydrogen will be used as a fuel in the future.
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