Noble Gas Systems – a developer and manufacturer of conformable high-pressure hydrogen gas storage vessels – announced it raised $4.2 million in this initial closing of Series B funding. The funds were provided by AP Ventures, which supported Noble Gas in its Series A Funding, with participation from new investors ALIAD (Air Liquide Venture Capital) and NOVA by Saint-Gobain.
This funding round will support development testing of the company’s 700 bar (10,000 psi) design qualifications and completion of the application process to receive the U.S. Department of Transportation (DOT) Special Permit for Noble Gas storage vessels to be used in bulk storage and over-the-road transportation of hydrogen and other gases. And the funding will help accelerate the development of the pilot manufacturing plant and expand the research and development teams.
The Noble Gas high-pressure, lightweight storage and delivery system can accommodate the most common compressed gases, including hydrogen, natural gas, air, oxygen, and nitrogen. And the gas storage system can be fabricated in a variety of shapes and sizes to be easily integrated into unique and existing product configurations. In addition to the transportation industry, it has applications in defense, aviation, marine and industrial gas industries.
Noble Gas recently relocated to a 32,000-square-foot facility in Wixom, Michigan, to consolidate its commercial and manufacturing operations, forming the company’s world headquarters. The pilot manufacturing plant, currently in development, will manufacture vessels for low-production-volume projects and demonstrate the company’s commitment to U.S.-based manufacturing.
KEY QUOTES:
“We are thrilled to secure this round of funding and have the continued support of our partner, AP Ventures. This marks a significant step in advancing and commercializing our vessel technology, bringing us closer to delivering a scalable clean-energy solution. The backing of industry leaders like Air Liquide and Saint-Gobain further strengthens our expertise and accelerates our path to downstream markets, reinforcing the momentum needed to drive innovation and adoption in the hydrogen economy.”
– Chris Kondogiani, CEO, Noble Gas Systems
“We are pleased to continue supporting Noble Gas and to partner with new co-investors ALIAD and NOVA by Saint-Gobain. Their commercial and technological support will add significant value. This investment reflects the strong progress Noble Gas has made since our initial commitment in 2022. We look forward to working together to scale Noble Gas’ novel gas storage solutions.”
– Andrew Hinkly, Managing Partner at AP Ventures
“Our investment in Noble Gas Systems establishes a collaboration and strategic partnership that will leverage Saint-Gobain’s expertise in polymer material processing technologies as Noble Gas develops and produces its high-pressure hydrogen tank system. We look forward to our continued work together to advance this important technology for the development of clean-energy solutions, as part of our group commitment to making the world a better home.”
– Basma Kharrat, Vice President of External Ventures, NOVA by Saint-Gobain
