Blue World Technologies is an ambitious and visionary developer and manufacturer of methanol fuel cells
Blue World Technologies is on a mission to bring energy-efficient and cost-effective methanol fuel cell technology to the world
Blue World Technologies’ methanol fuel cell technology can be applied to several applications replacing diesel generators and combustion engines. Through research and development, we aim to industrialise our technology, providing energy-efficient and competitive methanol fuel cells to industries around the world.
As a part of the Power-to-X eco-system, the methanol fuel cell technology contributes to solving parts of the green transition that cannot be solved by direct electrification and battery technology alone.
Reliability, efficiency, and cost
Blue World Technologies is founded on extensive experience from the fuel cell industry, and through intensive R&D and industrialisation we focus on producing durable, energy-efficient, and competitive methanol fuel cells to a wide range of industries.
The company is focused on the High-Temperature PEM-technology combined with methanol-reforming. The combination ensures a simple system design with high conversion efficiency and significant benefits including CO2 reduction, fuel cost savings, and zero harmful emissions.
Fuel cells will play a vital role in a green future enabling efficient use of renewable methanol
By industrialising the high-temperature PEM-technology we provide reliable, energy-efficient, and cost-competitive methanol fuel cells
Blue World Technologies is founded with passion, high ambitions, and a clear goal of making a difference in the world. The first brick was laid, and together, as a team, we have built a company bringing our vision to life.
Together, we created our corporate values shaping a strong organisational culture based on mutual respect in an international environment that is centred around the team.
Our Code of Conduct breaks down the values into behavioural guidelines and ensures that our strong and engaging culture is passed on as the company grows and our business potential unfolds – read it here:
Contribute to a greener future
An investment in Blue World Technologies is not just a business opportunity.
It is also an opportunity to make a difference in the combat against climate changes and severe global problems with air pollution.
Since Blue World Technologies was founded, the interest in investing in the company has been strong. Through several investment rounds, Blue World Technologies has built up a solid base of investors from around the world. With their support, we are working determined on the industrialisation of the methanol fuel cell technology to provide industries worldwide with a truly green alternative.
In December, Blue World Technologies celebrated the start of series production at the Blue Aalborg Factory. All production lines for the core fuel cell components (membrane, electrode, and separator plates) have been established and run in enabling an initial annual production capacity of 15MW.
In August, Blue World Technologies closed a B round of 37 million euros (initiated in 2021) with The Sovereign Investment Fund of Denmark, Vækstfonden, the German engine manufacturer DEUTZ, and the Bill Gates-founded Breakthrough Energy Ventures as leading investors.
Blue World Technologies took over an 8,500 m2 production building, which has the capacity to commercialise the methanol fuel cell technology. All production of the core components for the fuel cell stack has been insourced.
Blue World Technologies acquired the remaining 85 per cent of Danish Power Systems to strengthen the market position of the company.
Blue World Technologies closes a successful investment round of more than 6 million euro with both large and smaller investors.
Blue World Technologies, started a limited production of methanol fuel cells – a first step towards commercialising the fuel cell technology.
Blue World Technologies acquired 15 per cent of Danish Power Systems, a highly recognised developer and manufacturer of core components for HT-PEM fuel cells.
In early 2019, just a few months after Blue World Technologies was founded the company closed a seed investment round of 6.4 million euro.
Blue World Technologies is founded by Anders Korsgaard (CEO), Mads Bang, (CTO) and Mads Friis Jensen (CCO) with an aim to industialise the methanol fuel cell technology.