PowerUP Secures €10M for Hydrogen Tech Expansion
November 28, 2025, 3:35 pm
Location: Estonia
Employees: 11-50
Founded date: 2016
Total raised: $11.69M
PowerUP gets €10M. Funding will boost hydrogen tech. The focus is defense and commercial use. Expansion is planned.
* Estonian firm PowerUP Energy Technologies has secured €10 million. The Series A funding aims to ramp up hydrogen generator production. The company targets both defense and commercial sectors.
The round was co-led by Mercaton and ScaleWolf. Estonia’s SmartCap Green Fund also participated. The funding accelerates manufacturing and sales.
PowerUP's hydrogen fuel cells offer silent, emission-free power. The generators are suitable for sensitive military operations. Critical civilian infrastructure also benefits.
Founded in 2016, PowerUP builds modular hydrogen fuel cell systems. These serve defense, industrial, and off-grid needs. The company emphasizes reliable, secure energy.
The dual-use strategy is key. PowerUP serves both military and commercial clients. Its technology has proven reliable in demanding environments. This includes deployment in Ukraine.
CEO Ivar Kruusenberg highlighted the company’s mission. He aims to deliver clean, reliable energy solutions. PowerUP's tech is already battle-tested. Other technologies are still in labs.
The investment will address rising demand. PowerUP will expand sales and technical teams. The focus is on backup power for critical infrastructure. Strategic hubs will be established in Central Europe and North America.
R&D will also accelerate. PowerUP aims to develop higher-density fuel cell models. These will meet a wider range of power needs.
ScaleWolf sees the value in PowerUP's technology. It strengthens security and resilience. PowerUP delivers dependable power in tough environments.
SmartCap noted PowerUP's broad applicability. The company captures green transition market opportunities. It addresses new defense needs. The tech enables advanced communications and surveillance. Low noise and heat are crucial. Reliability drives tech choices.
Estonia is emerging as a fuel-cell innovation hub. Galtec also secured funding for fuel cells. PowerUP's €10 million round stands out. It focuses on manufacturing and deployment. Other funding is more research-oriented.
PowerUP's solutions were first engineered for space missions. The European Space Agency was involved. This translates directly to defense demands. Energy independence and remote use are critical.
The company emphasizes reliability and performance. Climate objectives are secondary. The focus is on meeting critical power needs.
PowerUP's expansion aims to solidify its market position. The company seeks to meet growing demand for clean energy solutions.
The dual-use technology provides a competitive advantage. PowerUP serves both defense and commercial sectors effectively.
The funding enables PowerUP to scale its operations. The company aims to become a leader in hydrogen fuel cell technology.
The focus on reliability and performance sets PowerUP apart. The company’s solutions are proven in demanding environments.
The investment highlights the growing importance of clean energy. Hydrogen fuel cells are a key part of the energy transition.
PowerUP's success demonstrates Estonia's innovation ecosystem. The country supports early-stage technology companies.
The company's expansion will create new jobs. PowerUP will hire sales, technical, and R&D staff.
The funding will also support PowerUP's supply chain. The company works with suppliers across Europe.
The focus on modularity allows for flexible deployment. PowerUP's systems can be adapted to various needs.
The company's technology reduces reliance on fossil fuels. This supports global efforts to combat climate change.
PowerUP's generators offer a silent alternative to traditional generators. This is crucial in sensitive environments.
The emission-free operation protects the environment. PowerUP's technology minimizes pollution.
The company's success attracts further investment. PowerUP is poised for continued growth.
The dual-use strategy provides resilience. PowerUP is less reliant on any single market.
PowerUP's solutions enhance energy security. The company reduces vulnerability to disruptions.
The technology is adaptable to different climates. PowerUP's systems operate reliably in extreme conditions.
The company's success benefits Estonia's economy. PowerUP contributes to the country's technology sector.
The investment supports the development of sustainable energy solutions. PowerUP advances the energy transition.
The company's focus on innovation drives progress. PowerUP continuously improves its technology.
The dual-use approach accelerates technology development. PowerUP benefits from military and commercial applications.
The company's commitment to quality ensures reliability. PowerUP's systems are built to last.
The investment strengthens PowerUP's market position. The company is well-positioned for future growth.
The technology reduces the carbon footprint of military operations. PowerUP contributes to greener defense practices.
The company's solutions enhance critical infrastructure resilience. PowerUP protects essential services.
The investment supports the creation of a more sustainable future. PowerUP advances clean energy adoption.
* Estonian firm PowerUP Energy Technologies has secured €10 million. The Series A funding aims to ramp up hydrogen generator production. The company targets both defense and commercial sectors.
The round was co-led by Mercaton and ScaleWolf. Estonia’s SmartCap Green Fund also participated. The funding accelerates manufacturing and sales.
PowerUP's hydrogen fuel cells offer silent, emission-free power. The generators are suitable for sensitive military operations. Critical civilian infrastructure also benefits.
Founded in 2016, PowerUP builds modular hydrogen fuel cell systems. These serve defense, industrial, and off-grid needs. The company emphasizes reliable, secure energy.
The dual-use strategy is key. PowerUP serves both military and commercial clients. Its technology has proven reliable in demanding environments. This includes deployment in Ukraine.
CEO Ivar Kruusenberg highlighted the company’s mission. He aims to deliver clean, reliable energy solutions. PowerUP's tech is already battle-tested. Other technologies are still in labs.
The investment will address rising demand. PowerUP will expand sales and technical teams. The focus is on backup power for critical infrastructure. Strategic hubs will be established in Central Europe and North America.
R&D will also accelerate. PowerUP aims to develop higher-density fuel cell models. These will meet a wider range of power needs.
ScaleWolf sees the value in PowerUP's technology. It strengthens security and resilience. PowerUP delivers dependable power in tough environments.
SmartCap noted PowerUP's broad applicability. The company captures green transition market opportunities. It addresses new defense needs. The tech enables advanced communications and surveillance. Low noise and heat are crucial. Reliability drives tech choices.
Estonia is emerging as a fuel-cell innovation hub. Galtec also secured funding for fuel cells. PowerUP's €10 million round stands out. It focuses on manufacturing and deployment. Other funding is more research-oriented.
PowerUP's solutions were first engineered for space missions. The European Space Agency was involved. This translates directly to defense demands. Energy independence and remote use are critical.
The company emphasizes reliability and performance. Climate objectives are secondary. The focus is on meeting critical power needs.
PowerUP's expansion aims to solidify its market position. The company seeks to meet growing demand for clean energy solutions.
The dual-use technology provides a competitive advantage. PowerUP serves both defense and commercial sectors effectively.
The funding enables PowerUP to scale its operations. The company aims to become a leader in hydrogen fuel cell technology.
The focus on reliability and performance sets PowerUP apart. The company’s solutions are proven in demanding environments.
The investment highlights the growing importance of clean energy. Hydrogen fuel cells are a key part of the energy transition.
PowerUP's success demonstrates Estonia's innovation ecosystem. The country supports early-stage technology companies.
The company's expansion will create new jobs. PowerUP will hire sales, technical, and R&D staff.
The funding will also support PowerUP's supply chain. The company works with suppliers across Europe.
The focus on modularity allows for flexible deployment. PowerUP's systems can be adapted to various needs.
The company's technology reduces reliance on fossil fuels. This supports global efforts to combat climate change.
PowerUP's generators offer a silent alternative to traditional generators. This is crucial in sensitive environments.
The emission-free operation protects the environment. PowerUP's technology minimizes pollution.
The company's success attracts further investment. PowerUP is poised for continued growth.
The dual-use strategy provides resilience. PowerUP is less reliant on any single market.
PowerUP's solutions enhance energy security. The company reduces vulnerability to disruptions.
The technology is adaptable to different climates. PowerUP's systems operate reliably in extreme conditions.
The company's success benefits Estonia's economy. PowerUP contributes to the country's technology sector.
The investment supports the development of sustainable energy solutions. PowerUP advances the energy transition.
The company's focus on innovation drives progress. PowerUP continuously improves its technology.
The dual-use approach accelerates technology development. PowerUP benefits from military and commercial applications.
The company's commitment to quality ensures reliability. PowerUP's systems are built to last.
The investment strengthens PowerUP's market position. The company is well-positioned for future growth.
The technology reduces the carbon footprint of military operations. PowerUP contributes to greener defense practices.
The company's solutions enhance critical infrastructure resilience. PowerUP protects essential services.
The investment supports the creation of a more sustainable future. PowerUP advances clean energy adoption.