New materials for a better future
New materials for a better future
Matteco revolutionizes green hydrogen production with its innovative technology
Press Release | Nov 23, 2023

Matteco is the new project of Zubi LabsZubi Group‘s impact company builder, to revolutionize with nanotechnology the global production of green hydrogen and accelerate the energy transition to a more sustainable economy.

Iker Marcaide, executive chairman of Zubi Group and co-founder of Matteco, also takes on the CEO role. The new research and development company for advanced materials for decarbonization has launched its first innovation, made public during the European Hydrogen Week in Brussels:  next-generation catalysts and electrodes, key elements for the production of green hydrogen through water electrolysis.

Green hydrogen has become a critical energy vector for eliminating carbon emissions from large industries such as steel and chemicals, or from the mobility and long-haul transportation sectors. The International Renewable Energy Agency (IRENA) estimates that hydrogen could contribute up to 20% of the total global emissions reductions needed to achieve the so-called ‘net zero’ scenario by 2050.

Matteco is a spin-off from the Universitat de València (UV), a product of a decade of work by a team of multidisciplinary researchers. Co-founded by Marcaide and Gonzalo Abellán -Principal Investigator, Head of the 2D-Chem Materials Research Group at the Institute of Molecular Sciences (ICMol), and co-inventor of the patent- its cutting-edge technology focuses on alkaline electrolysis (AWE) and the novel anion exchange membrane electrolysis (AEM).

Next generation materials

The company’s next-generation materials are designed to significantly improve the efficiency of electrolyzers -the devices that produce hydrogen- by reducing energy consumption by up to 30 %, and increasing production by operating at higher current densities and with longer lifetimes, helping to accelerate the transition to this clean and versatile energy.

Such breakthrough capabilities will be key to achieving the ambitious goal of installing electrolysis capacity in an economically viable manner. According to the International Energy Agency (IEA), 550 gigawatts (GW) will be needed by 2030 to meet the net-zero scenario, while the global installed capacity today is only 0.7 GW.

Investment and facilities in Valencia, Spain

To conduct its industrial operations, which the company has until now developed at the UV Science Park, Matteco has acquired a 10,000 m2 site in Paterna, Valencia (Spain). The new factory, dedicated to producing catalyst powder and electrodes with an initial installed capacity of 1 GW, will open its doors in the second quarter of 2024.

The company, which will invest 15 million euros through  2025, already has a team of 25 and plans to reach 100 employees in the next two years.

Matteco will also contribute to the development of public-private cooperation projects that promote joint research and technological progress in the hydrogen sector and the production of clean energy.

In the same direction,  Zubi Group and Matteco are members of Cleantech for Iberia, the European alliance promoted by Cleantech Group and Breakthrough Energy – Bill Gates’ initiative to decarbonize the planet – to consolidate the Iberian Peninsula as Europe’s cleantech industrial hub, which was presented last week in Lisbon during Web Summit.

Iker Marcaide, Co-founder and CEO of Matteco and Executive Chairman of Zubi Group adds: “Big challenges like climate change are what we work on at Zubi. Hydrogen is a great opportunity to help provide a solution for sectors and applications that are difficult to decarbonize and where electrification does not provide a solution. Matteco aims to be a key player in the value chain, helping to reduce the cost and accelerate the adoption of hydrogen.

We already have customers in Europe and Asia and our goal is to have our technology quickly incorporated  by the main international electrolyzer manufacturers and thus contribute to hydrogen production projects in every corner of the planet.

Gonzalo Abellán, Co-founder and Chief Technology Officer of Matteco, comments:

Our technology is the result of years of research in which we have been able to synthesize and scale up a catalyst that, without having PGMs like iridium or platinum, outperforms them. It is also a very flexible technology that allows us to produce large electrodes. We are focusing on solutions for high current densities with low energy consumption for the electrolysis process.

 

ABOUT MATTECO
Matteco, an initiative by Zubi Labs, is a materials technology company specializing in advanced solutions to decarbonize the economy and build a better future.

Its first innovation aims to revolutionize the production of green hydrogen, playing a key role in the fight against climate change and the transition to a more sustainable economy.

Its products are highly innovative and are designed to reduce energy consumption and investment in hydrogen production significantly. This reduction not only benefits companies seeking to implement cleaner energy but also contributes to the transition to more affordable hydrogen.

ABOUT IKER MARCAIDE
Iker is an impact entrepreneur and investor. He founded Flywire (formerly peerTransfer),  a NASDAQ-listed multi-billion dollar company. He is also the founder and Executive Chairman of Zubi Group, a group of companies solving challenges for a better future, with activity in venture building, investment management, education, and impact real estate.

He holds an MBA from MIT Sloan and a Master in Science in Operations Management from MIT.

ABOUT ZUBI LABS AND ZUBI GROUP
Zubi Labs, part of the Zubi Group, is an impact company builder dedicated to creating companies that solve social and environmental challenges. Furthermore, Zubi Group focuses on solving challenges to create a better future, working in four business areas including entrepreneurship, sustainable urban development, investment, and education.