Startup · $5m raised
Sydney, NSW
Every investor coverage indicates participated in a round LAVO raised.
| Investor | Rounds | Invested |
|---|---|---|
| Gowings Bros | Unnamed stage | - |
| NSW Government | Grant | $5,000,000 |
Companies LAVO acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alan Yu | CEO | @AuManufacturing (Mon 31 Jan 2022), RenewEconomy (Fri 28 Jan 2022), @AuManufacturing (Wed 10 Mar 2021), @AuManufacturing (Tue 16 Feb 2021), RenewEconomy (Mon 25 Jan 2021) |
| Darren Jones | Technical Director Product Deployment | @AuManufacturing |
| Henry Sun | Chairman | @AuManufacturing |
| Jacques Markgraaf | COO | @AuManufacturing |
Stories naming LAVO. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Podcast interview with SolidHydrogen chief executive Philippe Odouard on hydride-based hydrogen storage, why the sector must compete without subsidies, and a $2.5 million grant for pilot projects.
Boundary Power's solar-and-hydrogen off-grid unit, built with LAVO technology, is now operating at Ampcontrol's Ringwood plant, backed by a Victorian government hydrogen grant.
Ampcontrol has unveiled a hydrogen-based off-grid power system built by its subsidiary Boundary Power with utility Horizon Power, supported by a Victorian government grant, at its Ringwood factory.
Profile of hydrogen storage maker Lavo: $65 million in pre-orders, utility-scale orders exceeding a billion dollars, grants and investor backing, with regulation and certification named as its biggest hurdles.
Britain's business department grants GHD money to demonstrate Lavo's hydrogen storage unit at Chester, while Lavo separately received a New South Wales government grant for Newcastle manufacturing.
NSW government grants hydrogen storage startup Lavo $5 million to build a Hunter region manufacturing facility, with the article recalling Gowing Bros' earlier equity stake and unit order.
Fifteen Australian manufacturers share $7.16 million in federal Commercialisation Fund grants across two tranches, with industry contributing $17.95 million toward projects spanning clean energy, medical devices, recycling, defence and food technology.
GHD Group is set to take a cornerstone stake in hydrogen storage maker Lavo as part of its Series A raise in progress; GHD's finance chief will also join Lavo's board.
Hydrogen tech maker Lavo and JV partner Nedstack will build a factory near Brisbane, reportedly costing $20 million and supported by an Advanced Manufacturing Growth Centre grant, with production planned for late 2021.
Listed investor Gowing Bros has taken an equity stake in hydrogen storage maker Lavo and ordered over 200 of its units for its properties; Providence Asset Group was an earlier backer.
Also RenewEconomy