Recently, Canadian hydrogen fuel cell tech development and manufacturing company Illuming Power completed the A round of financing, and Yield Capital Hydrogenic Energy Fund I L.P. injected the first round of investment into Illuming Power (https://illumingpower.com). The CEO of Illuming Power, Jeff Plato said that the injected capital will be used for business expansion, additional project researches and market development.

As China's leading incubation and investment platform for the entire hydrogen energy industry chain, Yield Capital Investment Management Partner Chao Zhao said:" Yield Capital is very honored to be an investor of Illuming Power, helping the team and company develop better. There are three main reasons why we decided to invest in IllumingPower: First, the company provides a clear business model for stack development & technical services, ranging from the key components of the stack to the complete stack design, which includes flow channels design, bonding, sealing for graphite & metal bipolar plates, and membrane electrode design and other professional knowledge to improve customers' fuel cell performance and cost; second, China is a potentially a huge market for fcell commercial vehicles in the near future, and long-term operation is the main demand for commercial vehicles. The technology provided by the company perfectly matches the application scenarios in China; third, the team is composed of international experts in various fields of fuel cell who have strong networks and personal relationship with the global fuel cell industry, bringing the unique competitiveness to the company."

Illuming Power is a start-up company focusing on fuel cell stack development & technical services. The services provided by the company include a number of customized services such as overall stack design solutions, prototype development of graphite & metal bipolar plates, and MEA component design. At the same time, the company follows the concept of “Designed in Canada, Made in China” to combine the strong technical capabilities of North America and the advantages of low-cost manufacturing in China. With the accelerating pace of the development of renewable energy in Western countries, its business will prioritize targeting the European and American markets. By providing western customers with the design and development of stacks, they can rapidly expand their business, meanwhile strengthen the company's competitiveness and reputation.

After Yield Capital invests in Illuming Power this round, its industrialization layout will be more complete. In the future, Yield Capital will fully promote the business development of Illuming Power, provide it with conprehensive post-investment management and value-added services, and help Illuming Power accelerate product development, expand application scenarios, and closely connect with the Chinese market.