Noble Gas Systems Inc., a developer and manufacturer of conformable high-pressure hydrogen gas storage tanks in Novi, has raised $3.5 million in Series A funding.
The round was led by AP Ventures, an investor in breakthrough hydrogen technologies. The funding will support commercialization of Noble Gas’ 350 bar (5,000 psi) hydrogen storage systems and to accelerate the development of the company’s 700 bar (10,000 psi) technology.
“This is an incredible milestone in our journey to bring our high-pressure, lightweight and conformable hydrogen storage and delivery system to the market,” says Chris Kondogiani, CEO of Noble Gas Systems. “We are ecstatic to have the support of the experienced AP Ventures team and to join an impressive portfolio of companies advancing hydrogen technologies.”
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. It features a tank comprised of a polymer liner, woven reinforcement, and protective outer shell.
A safer alternative to other options, the system currently is being tested and demonstrated at a 350-bar working pressure, and has a leak-before-burst failure mode to eliminate the opportunity for a catastrophic, instantaneous release of high-pressure gas.
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’ technology will solve some of the key challenges around onboard storage for mobility applications,” says Andrew Hinkly, managing partner of AP Ventures. “It will enable the adoption of hydrogen technologies across multiple sectors such as commercial vehicles and aviation. We are delighted to support Noble Gas for this important step of their development.”
