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Blue World Technologies' methanol fuel cell hybrid box
Blue World Technologies' methanol fuel cell hybrid box

Press release -

Blue World Technologies celebrates a successful first year

请在这里下载中文版 / Please download Chinese version here

Venligst download dansk version her / Please download Danish version here

A year ago, the methanol fuel cell manufacturer Blue World Technologies saw the light of day – now, one year later, many goals have been accomplished and the company is continuing the path towards supplying a real green alternative to the combustion engine. Before production of the methanol fuel cells has even begun, Blue World Technologies has received committed orders worth a significant double-digit million euro.

It was with an ambitious mindset that Blue World Technologies was founded one year ago on 10 October 2018. The aim was to make a difference in the world by being the leading supplier of methanol fuel cells and eventually to retire the combustion engine. Since then, the company has developed at rapid speed and reached many milestones during the first year:

  • The Blue World Technologies team has grown rapidly over the past year from consisting of the three founders – Anders Korsgaard, Mads Bang, and Mads Friis Jensen – to now counting 41 people. The team includes experts from all over the world, representing 10 different nationalities, and has an accumulated fuel cell experience of more than 200 years.
  • Since the company was founded, interest has been enormous, and the company has received many positive statements from the industry. In early spring 2019, Blue World Technologies closed a successful seed-round investment of approximately 7 million euro.
  • In June 2019, Blue World Technologies signed a partnership agreement with world-leading supplier of intelligent production equipment, Wuxi Lead Intelligent Equipment Co., Ltd., as key supplier of the fuel cell production setup.
  • Blue World Technologies has, in collaboration with Chinese electric car manufacturer and shareholder AIWAYS, developed a methanol fuel cell system for the AIWAYS U5 electric vehicle, and the system design for the first prototypes has been completed.
  • For the Gumpert Nathalie – a road-legal, electric super sports car with racing performance powered by methanol fuel cells – Blue World Technologies is working closely with the Gumpert R&D team to develop the next-generation fuel cell system for the car.
  • In August 2019, Blue World Technologies acquired 15 per cent of Danish Power Systems, a highly recognised developer and manufacturer of MEA-technology for fuel cells in order to secure extensive technical know-how and fuel cell manufacturing experience.
  • During the first year at Blue World Technologies, the primary focus has been on the development of the core fuel cell components and the supply chain for the methanol fuel cell components has been secured.
  • In September 2019, the ground was broken for the construction of the world’s largest methanol fuel cell factory at the Port of Aalborg. The factory will have a yearly capacity of 750 MW equivalent to 50,000 methanol fuel cell units. The production is expected to start in late Q3 2020 and ramp-up to reach full production in 2023-24. The production will primarily focus on the key fuel cell components such as the bipolar plates, membranes and electrodes.
  • In October 2019, Blue World Technologies received committed orders worth a significant double-digit million euro.

“The past year has been an amazing journey. We have managed to gather a strong team of highly skilled experts within fuel cell technology as well as entered in partnerships with leading companies within e-mobility and fuel cell production making us ready to take the methanol fuel cell technology to large-scale commercial production. Looking back at the first year with Blue World Technologies, we are proud to say that we have been able to reach the very ambitious goals that we set a year ago and we are now looking forward to continuing the development of the company towards our long-term goals”, says Anders Korsgaard, CEO at Blue World Technologies.

Currently, the company is in the process of the A-round investments for which Blue World Technologies has engaged Deloitte Financial Advisory as exclusive financial adviser. The A-round is planned to close at the end of this year or at the beginning of next year and is expected to raise investments of approximately 25 million euro. The company is currently closing a pre-signing round on the request of many individuals and holding companies.

Blue World Technologies continues the growth and is expected to reach more than 500 employees when the fuel cell production is at full capacity in 2023-24.

In the first half of 2020, the initial testing of cars with the Blue World Technologies methanol fuel cell system will be carried out.



Blue World Technologies designs, develops and manufactures methanol fuel cell systems as a real green alternative to internal combustion engines. With decades of accumulated experience in the industry, the focus is on an advanced technology portfolio ranging from core materials to stack and reformer design, and the final reformed methanol fuel cell system.

The concept is working together with batteries in hybrid configurations thereby reducing the number of batteries while enabling extended range and fast recharging in one process.

Methanol fuel cells have zero harmful emissions and have a low overall well to wheel CO2 emission level. The fuel is simple, cost-effective and the existing infrastructure and logistical system can be reused. Renewable methanol is made from many feedstocks such as; electricity, biomass, biogas and municipal waste.

Blue World Technologies is covering the entire value chain to enable optimized performance and cost-effectiveness of components and systems. This ensures are seamless scale-up of production and product delivery.

Press contacts

Anne Kvist

Anne Kvist

Press contact Head of PR and Communication +45 31 60 16 71

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About Blue World Technologies

Blue World Technologies is an ambitious and visionary developer and manufacturer of HT-PEM fuel cell components and systems for stationary and APU applications and the automotive and heavy-duty transportation sectors around the world. The fuel cells act as a green alternative to combustion engines and diesel generators. As a part of the Power-to-X eco-system the methanol fuel cell technology contributes to solving parts of the green transition that cannot be solved by direct electrification and battery technology alone.

Blue World Technologies’ fuel cells run primarily on methanol – a renewable liquid fuel that simply and cost-effectively can be stored for years and transported around the world while reusing existing infrastructure.

Blue World Technologies is founded on extensive experience from the fuel cell industry and aims towards commercialising the technology through large-scale production. The company is focused on the High-Temperature PEM technology combined with methanol-reforming. The combination ensures a simple system design with high conversion efficiency and significant benefits including CO2 reduction, fuel cost savings, and zero harmful emissions.

Read more about Blue World Technologies on our website or visit us on social media.

Om Blue World Technologies

Blue World Technologies er en ambitiøs og visionær udvikler og producent af HT-PEM brændselscellekomponenter og -systemer, for stationære generatorer og hjælpegeneratorer samt industrier inden for personbiler og tung transport rundt om i verden. Brændselscelleteknologien er et grønt alternativ til forbrændingsmotoren og dieselgeneratoren. Som en del af Power-to-X økosystemet, bidrager methanol brændselscelleteknologien til at løse nogle af de udfordringer i den grønne omstilling, som direkte elektrificering og batterier ikke kan løse alene.

Blue World Technologies’ brændselsceller kører primært på methanol – et flydende brændstof, der simpelt og rentabelt kan lagres i flere år samt transporteres rundt i verden ved hjælp af den eksisterende infrastruktur.

Blue World Technologies er grundlagt på stor erfaring fra brændselscelleindustrien og med en målsætning om at kommercialisere teknologien gennem storskala produktion. Virksomheden fokuserer på højtemperatur PEM-teknologi kombineret med methanol reformering. Denne kombination sikrer et simpelt systemdesign med høj konverteringseffektivitet og betydningsfulde fordele som CO2-reduktion, brændstofbesparelser og ingen udledning af skadelige emissioner.

Læs mere om Blue World Technologies på vores hjemmeside eller besøg os på sociale medier.

关于蓝界科技(Blue World Technologies)




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Über Blue World Technologies

Blue World Technologies ist ein ehrgeiziger und visionärer Entwickler und Hersteller von Hochtemperatur-PEM Brennstoffzellen-Komponenten und Systemen für stationäre und APU-Anwendungen und für den Automobil- und Schwerlasttransportsektor auf der ganzen Welt. Die Brennstoffzellen sind eine umweltfreundliche Alternative zu Verbrennungsmotoren und Dieselgeneratoren. Als Teil des Power-to-X-Ökosystems unterstützt die Methanol-Brennstoffzellentechnologie denjenigen Teil des ökologischen Umbaus, der nicht allein durch direkte Elektrifizierung und Batterietechnologie bewältigt werden kann.

Blue World Technologies verwendet als Energieträger für seine Brennstoffzellensysteme primär Methanol – ein erneuerbarer flüssiger Kraftstoff, der unter Verwendung der vorhandenen Infrastruktur einfach und kostengünstig jahrelang gelagert und um die Welt transportiert werden kann.

Blue World Technologies kann auf umfangreiche Erfahrungen aus der Brennstoffzellenindustrie zurückgreifen und hat sich zum Ziel gesetzt, der Technologie durch Massenproduktion zum Durchbruch zu verhelfen. Das Unternehmen konzentriert sich auf die Hochtemperatur-PEM-Brennstoffzelle in Kombination mit Methanol-Reforming. Diese Kombination gewährleistet ein einfaches Systemdesign mit hoher Umwandlungseffizienz und erheblichen Vorteilen wie CO2-Reduzierung, Kraftstoffkosteneinsparungen und null schädlichen Emissionen.

Lesen Sie mehr über Blue World Technologies auf unserer Website oder besuchen Sie uns in den sozialen Medien.

Blue World Technologies
Lavavej 16
9220 Aalborg Øst