Series A of €15M. Round was reported as "led by and ," but lead investor names were not specified in the source. Participating existing investors named: Lifeline Ventures, Eviny Ventures, Luminar Ventures and Momentum. Founder name quoted in article was omitted. Technology: patented solid-state hydrogen storage for seasonal household and business use; subscription-based go-to-market model; potential expansion to Japan and the United States.
About Photoncycle
Norwegian energy storage scale-up developing a solid-state hydrogen–based seasonal storage system that converts surplus summer solar energy into underground solid-state hydrogen for household use in winter.
Oslo, Norway
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Source: https://tech.eu/2026/03/04/photoncycle-raises-eur15m-to-scale-seasonal-energy-storage-in-europe/
Frequently Asked Questions
What type of funding round did Photoncycle raise?
Photoncycle raised a series-a round.
How much did Photoncycle raise in its series-a?
Photoncycle raised $15,000,000 EUR in its series-a.
Who invested in Photoncycle's series-a?
The investors in Photoncycle's series-a are: Lifeline Ventures, Eviny Ventures, Luminar Ventures, Momentum.
What type of investment was Photoncycle's series-a?
Photoncycle's series-a was a equity investment.
How will Photoncycle use the funds from its series-a?
Photoncycle plans to use the funds for: support commercial rollout in Denmark and the Netherlands, finance first phase of industrialisation plan including proposed 1.4 TWh annual manufacturing facility.