Blue World Technologies: Turning four!

Four years ago, Blue World Technologies was founded to accelerate the green transition by enabling the use of green fuel through high efficiency. 

We have taken decisive steps towards this goal over the past year. Our team has grown strongly and can rely on new experienced colleagues, especially in research and development, sales as well as in production. Renowned investors support our vision and enable us to complete series production with the funds before the end of 2022. And once we have achieved this, we will supply even more customers with our methanol fuel cell and steadily expand the areas of application in the following years. We still have a long journey ahead of us!

Highlights of the past year:

• In December 2021, The Sovereign Investment Fund of Denmark, Vaekstfonden, and German engine manufacturer DEUTZ AG invested a total of EUR 15 million in Blue World Technologies. The aim is to bring the company’s green fuel cell products and solutions to the global market.
• The Danish Green Investment Fund, Danmarks Grønne Investeringsfond, granted a loan financing of EUR 7.5 million, which contributes to the transition from pre-series production to actual series production.
• Søren Rødkjær Nord Larsen joined Blue World Technologies as Chief Operations Officer in April 2022. He takes charge of streamlining and upscaling the fuel cell production at our company.
• Blue World Technologies and Tuco Marine ApS - ProZero Workboats have entered a partnership to develop methanol fuel cell-powered workboats. Tuco Marine is specialised in fast boats for professionals.
• Bill Gates-founded Breakthrough Energy Ventures entered Blue World Technologies as an investor in August 2022. Together with the investment from The Sovereign Investment Fund of Denmark Vaekstfonden, DEUTZ AG and other investors, this investment from Breakthrough Energy Ventures completed the company’s EUR 37 million series B round.
• In the fourth year of Blue World Technologies, more than 70 highly skilled colleagues have joined our team in various departments. Among these are eight former interns, that have decided to start their careers at our company.
• We launched our newsletter to keep journalists, investors and other interested people updated and provide them with the latest methanol and fuel cell industry news.
• Our site in Aalborg was visited by several renowned politicians over the year, for example by Danish Minister for Transport Trine Bramsen and Danish Minister for Industry, Business and Financial Affairs Simon Kollerup to discuss perspectives on green technologies.

Blue World celebrates two year anniversary
Blue World Technologies celebrates one year anniversary
Blue World founders on October 2018