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BayoTech
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Short description

Provider of on-site hydrogen production solutions using gas-as-a-service

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector hydrogen

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Albuquerque, NM Albuquerque, United States
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Updated by Cleantech Group on 01/13/2022

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Date Company
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Date Partner Type
12/03/2021
New Mexico Gas Company New Mexico Gas Company
-- BayoGaaS™ Hydrogen Hub will produce 1,000 kilograms per day of low-cost, low-carbon hydrogen for transportation, industrial use.
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Confirmed by New Mexico Gas Company
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IPO INFORMATION

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Description

Date Investors Type Amount
01/05/2021 Newlight Partners Newlight Partners , Cottonwood Technology Fund Cottonwood Technology Fund , Sun Mountain Capital Sun Mountain Capital , Fortistar Fortistar (4)
Post-money valuation of
Funding will be used to accelerate its strategic growth through product development, project development, and infrastructure expansion.
Growth Equity $157,000,000
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