Catalyst printers from Delft receive another $6.5M

VSParticle (VSP) has raised 6.5 million dollars in a new investment round led by Nordicninja. The money will be used to scale up production and accelerate the development of an industrial-scale printer that’s 100 times faster than the current R&D version. Co-founder and CEO Aaike van Vugt expects venture capital fund Nordicninja to help increase his company’s clout in Japan. Previous investors Plural and Hermann Hauser are also participating in the new round. The fresh funding brings the total amount raised to 24.5 million dollars.

Founded in Delft in 2014, VSP develops machines that make it possible to process nanosized particle material. This allows researchers to speed up experiments with new material compositions. It can take ten years to discover new materials in a laboratory and another five to bring them to mass production. VSP says the total time to discover materials can be reduced to just one year. In the past year, the company has delivered its flagship device, the VSP-P1 Nanoprinter, to Sorbonne University Abu Dhabi, the Lawrence Livermore National Laboratory in San Francisco, the Materials Discovery Research Institute (MDRI) in Chicago and the Dutch Institute for Fundamental Energy Research (Differ) in Eindhoven, among others.

VSP has chosen energy transition as its focus area. It wants to enable the mass production of porous catalyst layers, which are key components in electrolyzers for green hydrogen. This process currently relies on the use of scarce raw materials such as platinum and iridium. VSP says its customers are using its printers to develop new material combinations for catalysts, with predicted tenfold savings of scarce metals such as iridium. The Delft-based company also promises to introduce a faster and cheaper manufacturing process. By 2027, the first components developed using VSP’s technology should be on the market to create industrial-scale processes that support the production of green hydrogen.

The EU and Japan in particular have big ambitions to achieve net-zero carbon emission targets with this clean energy source. The IEA estimates that the world needs to produce 306 million tons of green hydrogen annually to be carbon neutral by 2050.

Also read the interview with VSP co-founder and CEO Aaike van Vugt