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BayoTech Receives Equity Investment From Newlight Partners to Accelerate Strategic Growth

BayoTech Receives Equity Investment From Newlight Partners to Accelerate Strategic Growth

01/05/21, 1:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgalbuquerque
BayoTech, Inc. (“BayoTech”), a global leader in on-site hydrogen production, today announced it has received an equity investment of up to $157 million from Newlight Partners LP (“Newlight”), a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. The proceeds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.

Company Info

Company
Bayo Tech
Location
albuquerque, new mexico, united states
Additional Info
BayoTech is a hydrogen generation technology company offering hydrogen production solutions through rentals, leases, sales and gas-as-as-service to customers worldwide. Headquartered and produced in New Mexico, USA, BayoTech’s on-site hydrogen generators are more efficient than legacy steam methane reformers, leading to lower carbon emissions and low-cost hydrogen. Visit www.bayotech.us for more information.