MND has invested in NANO Advanced Electrolysis s.r.o., a company aiming to develop its own scalable electrolyzer with an output of 200 kW to 1 MW. Its control system is intended to use elements of artificial intelligence to achieve higher efficiency in hydrogen production.
MND, a mining and energy company that is part of the KKCG Group owned by entrepreneur Karel Komárek, has acquired a 60% stake in the company.
“We were convinced by their technology. Hydrogen is an alternative form of energy storage alongside batteries, as well as a strategic fuel of the future. That is why this investment makes sense to us,” said Jana Hamršmídová, Director of the Energy Division. The company aims to have a functional prototype within two years, after which serial production could follow.