Hydrogen Total Solution Company BTE Secures 6.5 Billion KRW in Second Round Investment

Accelerating Expansion of Hydrogen Refueling Equipment Mass Production Facility and Commercial Development of Hydrogen Fuel Cell Generators

BTG, a hydrogen energy solution specialist, announced on May 17 that it has completed a second round of investment worth 6.5 billion KRW.

This investment round included prominent investors such as △D3 Jubilee Partners △Lighthouse Combine Invest △BeHigh Investment △KB Securities △Woori Venture Partners △Industrial Bank of Korea △BNK Venture Investment. Despite the unfavorable global investment climate, the round was successfully closed at a crucial time. Including this round, BTG’s total cumulative investment has reached approximately 9.2 billion KRW.

All investors have shown strong interest in climate and energy crises as well as environmental preservation, which led them to invest in BTG, a company that has continuously grown since its inception and demonstrated specialized expertise and trust within the hydrogen sector.

This reflects the heightened interest in BTG as a technology-competitive company. The total investment amount of 6.5 billion KRW in this round was highly evaluated by investors for BTG’s current business and future growth potential, making the closing of this investment particularly meaningful, according to the company.

Last year, BTG signed a large-scale supply contract with the US company H2Strategics to supply hydrogen fuel cell generators over the next three years, with plans to begin phased shipments starting in the second half of this year. To this end, BTG has spared no investment from the product development stage, and the industry is paying close attention to BTG’s entry into the US market with its clean energy hydrogen fuel cell generators.

With this investment, BTG will accelerate the expansion and commercialization of manufacturing and mass production facilities for hydrogen fuel cell generators and packaged hydrogen charging stations, enabling it to supply products and technology globally starting from the end of this year.

CEO Shim Gyu-jeong of BTG stated, “Many investors have highly evaluated our technological capabilities and the teamwork of our one-team mindset, which have driven our business achievements so far. They have great expectations for the ongoing export business of hydrogen fuel cell generators to the US and the export of packaged hydrogen charging stations to emerging markets. With all employees fully committed, we expect to meet investors’ expectations with good results in the second half of the year.”