PDENH is third investor in EST-Floattech

PDENH partner with EST-Floattech PDENH has signed an investment deal with EST-Floattech. Credit: EST-Floattech
Industry Database

PDENH (Participatiefonds Duurzame Economie Noord-Holland) has become the third company to invest in EST-Floattech, a Dutch technology firm that develops energy storage systems for fully electric and hybrid maritime application and mobile energy applications.

EST-Floattech’s battery systems are used in applications such as the hybrid IJ- ferries in Amsterdam, Rijkswaterstaat’s new battery hybrid multi-purpose vessels, super yachts and fully electric excavators.

“The participation of PDENH provides us with growth capital and the recognition that we contribute to the energy transition in the Netherlands. With PDENH onboard we are convinced we will be able to become a more recognized and visible supplier in the Dutch market,” said Trond Skaufel, CEO of EST-Floattech.

Eco-efficient applications

The battery systems are based on Li-NMC cell technology and are mostly used for full electric and diesel-hybrid applications. But hydrogen and LNG battery combined drivelines are developing and becoming more in demand.

“Battery systems will provide a major contribution to clean energy. We are excited to become part of the ambitious mission of EST-Floattech to create a cleaner maritime sector and additionally make the use of excavators sustainable within city areas,” stated Bart Blokhuis, CEO of PDENH.

EST-Floattech was founded in 2009, and is a subsidiary of Ponooc, an investment fund affiliated with the Dutch family company Pon Group. Last year the Rotterdam Port Fund took a share in EST-Floattech

By Rebecca Jeffrey

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