Two major Italian industrial companies, SIAD and Brembo, have announced their investment in Hydrospark, an innovative start-up specializing in advanced hydrogen energy production and storage technology. The agreement involves equal investments of up to EUR 1 million from each company in the Petroceramics-supported venture. SIAD, an international group active in Industrial Gases, Engineering, LPG, Natural Gas, and Healthcare sectors, is partnering with Brembo, the global leader in braking systems, investing through its venture capital unit Brembo Ventures.

Both companies stated that this investment underlines the technological and industrial value of Hydrospark.

Revolutionary Solid Oxide Cell Technology

Hydrospark has developed what it describes as a major innovation in the hydrogen sector: a modular, scalable platform built on proprietary ceramic materials and optimized manufacturing processes. This technology enables the production of Solid Oxide Cells with higher energy density and reduced manufacturing costs compared to existing solutions. The Solid Oxide Cells developed by Hydrospark produce electricity and heat from hydrogen with high efficiency and zero emissions.

Additionally, these cells can convert renewable energy into hydrogen, providing what the company calls an advanced solution for sustainable energy storage. This technology is considered one of the most promising approaches for decarbonization of industry and mobility, representing what Hydrospark describes as a fundamental step in constructing an efficient and sustainable hydrogen supply chain.

Ambitious Production Goals and Market Positioning

The start-up has already achieved significant industrial milestones and established collaborations with international partners. Hydrospark has set an ambitious target to reach break-even by its second year of operations while achieving an annual production capacity of one million cells. Hydrospark operates with a vision strongly oriented towards scientific research, industrial scalability, and environmental responsibility.

The company was founded by Petroceramics and Fabrizio Gualandris, who holds three patents in hydrogen technologies.

Strategic Partnership Vision

Fabrizio Gualandris, CEO of Hydrospark, stated that welcoming two highly prestigious private companies into their shareholder base represents a key strategic step. He explained that this investment will enable the company to validate its technology in an actual production facility, seizing the opportunity to grow and position itself as a leading player in the hydrogen market.

Bernardo Sestini, Chairman and CEO of The SIAD Group, described the investment as fully aligned with SIAD's long-term vision of driving the energy transition through innovative technologies. He emphasized that hydrogen is a key enabler for a decarbonized future, and noted that Hydrospark brings together industrial expertise and technological vision in what he called a truly pioneering project.

Sestini expressed his belief that collaboration among Italian centers of excellence can create lasting value for the industry and for future generations. Matteo Tiraboschi, Executive Chairman of Brembo Group, said Hydrospark exemplifies the kind of technology-driven innovation that has the potential to create meaningful impact. He stated that their investment reflects a commitment to fostering the growth of dynamic entrepreneurial talent and advancing solutions that can contribute to a more sustainable future.

Massimiliano Valle, CEO of Petroceramics SpA, noted that decarbonized clean energy represents another important area where Petroceramics applies its expertise and outstanding technological solutions, developed within the field of material science.

Company Backgrounds and Expertise

The SIAD Group is one of Italy's leading chemical companies, with a 2024 turnover exceeding EUR 1 billion, serving 70,000 customers and employing 2,400 staff worldwide. Founded in Bergamo in 1927 and chaired by Bernardo Sestini, the company operates across Europe and globally in the Industrial Gases, Engineering, Healthcare, Natural Gas, and LPG sectors.

Brembo, founded in 1961 in Italy, leads the world in the design and production of high-performance braking systems and components for top-flight manufacturers of cars, motorbikes, and commercial vehicles. The company operates with over 16,000 people across 18 countries, 39 production and business sites, 10 R&D centers, and 2 Inspiration Labs, achieving a turnover of EUR 3,840.6 million in 2024.

Petroceramics was founded in 2003 as a spin-off from the Department of Earth Sciences at the University of Milan. The company specializes in advanced technical ceramic composites. It is recognized as one of the few companies worldwide with this specialization, serving the automotive, aerospace, and defense sectors with innovative applications.

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