Rux Energy Secures $980,000 Funding to Revolutionize Hydrogen Storage Technology

Rux Energy, a pioneering company redefining the landscape of hydrogen storage, has successfully raised an impressive $980,000 in its latest funding round. This capital will accelerate Rux’s mission to tackle one of the most critical challenges limiting the adoption of hydrogen energy: the need for safer and more efficient hydrogen storage and distribution. By collaborating with leading Australian, UK, and Singaporean universities, as well as early adopters in the hydrogen sector, Rux is advancing its innovative storage solutions that leverage patented Metal-Organic-Framework (Rux MOF) technology. This breakthrough allows hydrogen to be stored at moderate temperatures and reduced pressures in state-of-the-art carbon fiber composite tanks, effectively mitigating inefficiencies such as boil-off. Rux's MOF-enabled tanks boast improved storage density and heightened safety, creating a compelling proposition for clients involved in heavy transport industries like maritime, rail, and aviation. The company’s holistic approach not only addresses hydrogen storage and supply problems but also encompasses scale manufacturing processes to ensure an integrated solution. Rux is committed to developing carbon-negative products and zero-carbon services, setting new benchmarks in the circular economy while drastically reducing production costs. With ambitious goals in mind, Rux aims to contribute to the annual abatement of 10 million tonnes of carbon by 2030, with a particular focus on the maritime sector. This latest funding round marks a significant milestone for Rux Energy as it works diligently to become the global leader in hydrogen storage and distribution, positioning itself as an essential player in the transition to a sustainable future.