ProtiumTech Completes Plug and Play Batch #3 and Secures Investment!
On April 10th, ProtiumTech participated in the Plug and Play Batch #3 Expo at Vilnius TechPark, marking the conclusion of an intensive three-month accelerator program and celebrating an important milestone: Plug and Play has decided to invest in ProtiumTech.
Over the past three months, the Plug and Play accelerator program provided ProtiumTech with intensive support through lectures, mentoring, and workshops on topics ranging from finance and intellectual property to product development and market strategy. This knowledge-sharing and network access have been critical in preparing the company for the next stage of growth.
During the program, Plug and Play made the decision to invest in ProtiumTech, strengthening our path to introduce membrane-free, decoupled water electrolysis systems for green hydrogen production into the market. This technology provides a cost-competitive alternative to grey hydrogen and has the potential to accelerate the replacement of fossil-based hydrogen in heavy industry.
Alens Martīni, CEO and co-founder of ProtiumTech, shared:
“Completing the Plug and Play program has been an intense and rewarding journey. The insights we gained and the network we built will play a key role as we move forward. Plug and Play’s investment is not only financial support – it is a strong signal of trust in our technology and vision to make green hydrogen truly competitive with grey. This marks the beginning of a new phase for ProtiumTech, and we are excited to take the next steps together.”
