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MUNICH, Germany — January 16, 2024 — Atmen, a Munich-based regulatory technology company, announced a successful €1.3 million pre-seed funding round today. The round was led by Revent with co-investment from Vireo Ventures with participation from UnternehmerTUM and angel investors. Atmen, previously known as Point Twelve, harnesses IoT and SaaS to provide transparent, dynamic and automated carbon intensity tracking supporting the official certification process for energy-intensive industries. The company starts with hydrogen and e-fuels.
Atmen’s technology is poised to meet the surging demand for precise, scalable processes in support of certification, especially crucial for energy-intensive industries that contribute significantly to CO2 emissions. The investment will accelerate Atmen's mission to support the official certification process by replacing outdated, manual, unpredictable processes with a streamlined, automated approach.
“We are thrilled to lead Atmen's funding round,” said Henrik Grosse Hokamp, Partner at Revent. “Industrial decarbonization is one of the most pressing challenges of our decade. Unless carbon intensity is continuously tracked and certified, producers cannot prove their target achievement and product decarbonization cannot be incentivized.”
Atmen addresses a critical energy transition segment by focusing on hydrogen and e-fuels. The evolving EU regulations, including the Renewable Energy Directive mandating a 42% renewable hydrogen quota by 2030 and financial mechanisms like the EU Emissions Trading System and Carbon Border Adjustment Mechanism, are pushing industries towards greener alternatives. These regulations, along with potential penalties for not using sufficient synthetic fuels in sectors like maritime and aviation by 2030, create a compelling economic factor for industries to adapt.
Atmen recognizes the challenges of aligning with market demands and regulatory compliance. To tackle these issues, the company offers technology that enables producers to incorporate automated, streamlined processes to support sustainability certification right from the initial design phase of their products and supply chains. In addition, the company collaborates with industry partners to both promote Digital Product Passports as a norm for hydrogen and e-fuels and to enable compliance technologies.
Leading renewable hydrogen producer Lhyfe and TÜV NORD count among Atmen's key partners.
Digital Product Passports digitally record, process, and share product sustainability information among supply chain partners, authorities, and consumers. This initiative aims to help hydrogen and e-fuel producers comply with changing regulations and globally competing certification standards.
"We are at a turning point in how industries verify their sustainability efforts," remarked Flore de Durfort, Co-founder & CEO of Atmen. “Hydrogen and e-fuels are a core piece of industrial decarbonization, but also the first energy-intensive products for which the pressure and complexity to prove and certify decarbonization are so acute”.
“Carbon intensity tracking and certification processes are the biggest pain points in scaling the green hydrogen economy and we believe that Atmen´s solution has the potential to become the industry-setting standard in this field. Once achieved, this offers enormous potential to be a new category-defining player to support official certification of all low-carbon products.,” added Sven Heiligtag, Partner at Vireo Ventures.
With this funding, Atmen is well-positioned to deliver its cutting-edge automation platform to market, supporting the transition to a low-carbon economy.
Atmen is a regulatory technology company based in Munich, Germany, innovating in carbon intensity certification automation. The company was founded by Flore de Durfort, Quentin Cangelosi and Erika Degoute in Munich in January 2023 with competencies at the crossing of energy markets and regulation and technology. With a focus on energy-intensive industries, Atmen’s platform is designed to facilitate large-scale, verifiable decarbonization processes. For more information, visit www.atmen.co
Revent is an Impact VC fund investing in startups across Europe using technology to drive systemic change in climate, health, and economic empowerment sectors. With a hands-on approach, Revent empowers companies to combine purpose with profitability. Contact: Henrik Grosse Hokamp, henrik@revent.vc, www.revent.vc
Vireo Ventures is a Venture Capital firm that invests in European early-stage start-ups. The Vireo Electrification Fund invests in technology companies that seek to shape and benefit from accelerating the energy transition via decarbonized electrification, from renewable energy production, smart grids, and infrastructure all the way to applications in areas such as emobility, real estate, and industry. The founders of Vireo Ventures combine decades of experience with extensive networks in the energy industry and leverage their expertise when supporting portfolio companies. Contact: Matthias Engel, matthias@vireo.vc , www.vireo.vc
- Edited on 6th June 2024 for clarity -
Key Highlights:
Nantes (France) and Munich (Germany), 20 January 2025, 7:30 AM: Lhyfe (Euronext: LHYFE), a pioneering producer and supplier of green and renewable hydrogen for industry and mobility, and Atmen, an integrated compliance automation platform, have decided to collaborate to set a new standard of excellence in carbon footprint traceability and transparency within the hydrogen and Power-to-X (PtX) sectors.
Lhyfe, on the Path to RFNBO* Certification
Since its creation, Lhyfe has strived to meet the highest ecological standards for its hydrogen. It had been eagerly awaiting the approval by the European Commission of the first “RFNBO” (Renewable Fuel of Non-Biological Origin) certification schemes for renewable hydrogen. Following their publication in December 2024, Lhyfe has begun the necessary steps to obtain RFNBO certification for its production.
* The RFNBO certification confirms that hydrogen is produced sustainably (via water electrolysis) and from 100% renewable electricity. It includes a comprehensive carbon footprint assessment of this production process. The certification ensures compliance with the strict criteria defined by the European Union and adherence to the highest environmental standards, thereby strengthening trust among partners, clients, and investors.
With a commitment to maximum transparency and its rapid expansion in multiple European countries, Lhyfe sought to exceed current regulations even before obtaining its RFNBO certification. Thanks to its partnership with Atmen, Lhyfe now has a robust traceability system with unprecedented precision and granularity.
Each delivery of Lhyfe's green hydrogen can now be accompanied by a Digital Product Passport—an innovation that provides a complete and precise description of the carbon footprint of the hydrogen produced, including detailed information:
This collaboration starts with the production unit in Bouin (Vendée, France) and will be extended to other Lhyfe sites.
The company has also initiated steps to obtain RFNBO certification for hydrogen produced at its various sites. Once achieved, the digital passports will include the “RFNBO-compliant” label.
This partnership delivers unparalleled traceability and compliance for Lhyfe’s green hydrogen, equipping clients with the tools needed to align with their emission and decarbonisation goals transparently.
By combining Lhyfe’s expertise in renewable hydrogen production and Atmen’s advanced automation software, this partnership simplifies compliance with strict sustainability regulations such as RFNBO.
“Atmen is thrilled to partner with Lhyfe, one of the most innovative and fastest-growing hydrogen producers in Europe,” said Flore de Durfort, CEO of Atmen. “Together, we are setting a new standard in traceability, enabling the hydrogen sector to meet the strictest sustainability requirements with precision and transparency.”
“Our collaboration with Atmen is a major step in realising our commitment to transparency for our clients, both in terms of sustainability and traceability,” commented Antoine Hamon, Chief Operations Officer at Lhyfe. “With Digital Product Passports, we are enhancing trust in the sustainability of our hydrogen. We invite the sector to align with this practice, which will help develop the industry with the same spirit of trust.”
Lhyfe is a European group devoted to energy transition, and a producer and supplier of green and renewable hydrogen. Its production sites and portfolio of projects seek to provide access to green and renewable hydrogen in industrial quantities, and enable the creation of a virtuous energy model capable of decarbonising entire sectors of industry and transport.
In 2021, Lhyfe inaugurated the first industrial-scale green hydrogen production plant in the world to be interconnected with a wind farm. In 2022, it inaugurated the first offshore green hydrogen production pilot platform in the world.
In 2023, it inaugurated two new sites, and currently has several sites under construction or expansion across Europe.
Lhyfe is represented in 12 European countries and had 200 staff at the end of June 2024. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – LHYFE). Lhyfe.com
Atmen simplifies and automates green certification for energy-intensive industries through its integrated compliance platform. Atmen enables producers to track renewable energy usage, carbon intensity, and supply chain sustainability with unparalleled precision. By automating complex workflows related to green compliance, Atmen helps industries meet regulatory requirements efficiently and transparently.
For more information, visit atmen.co
From among 29 selected companies pitching their solutions at the European Hydrogen Valleys Investment Forum in Riga on 5–6 September 2024, Atmen was chosen as one of the winners. This honour reflects both the innovation of our solution and the strength of our presentation. award underscores our dedication to excellence in regulatory solutions for hydrogen certification and beyond.
Read full article here on TechTour
Image credit: Courtesy of Tech Tour
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