Amsterdam’s Watermeln bags €3.5M to make diesel generators obsolete; here’s how 

Amsterdam-based Watermeln, a company focused on developing and leasing hydrogen generators, announced recently that it has secured €3.5M from Amsterdam Climate and Energy Fund (AKEF) and BEEQUIP.

Watermeln is investing a total of more than €4M in scaling up and acquiring hydrogen generators, solidifying its position as a market leader in sustainable power supply.

Last year, the company already secured over €1.5M from  Amsterdams Klimaat en Energiefonds (AKEF) and Accenda. The current investment enables the company to accelerate its growth and expand its M-200 units from 3 to 13.

Alongside the WM-200, they are actively working on and investing in the development of both smaller and larger hydrogen units and storage tanks, aiming to cater to a broader range of customers.

“Our ambition is to make hydrogen generators accessible and affordable for a wide audience,” says Jeff Wezel, co-founder of Watermeln. “We are immensely grateful for the trust of our investors. Thanks to their investment, we can accelerate production and further expand our product offerings. Having gained extensive experience in providing power for off-grid festivals, charging stations, and construction sites, it’s now time to leverage that expertise to enhance the market and take a leading role in the transition to sustainable energy.”

Watermeln: Provides temporary green electricity

Founded in 2018 by Jeff Wezel and Jasper Baltus, Watermeln provides temporary green electricity to places that do not have access to the grid or have insufficient capacity.

The company offers sustainable solutions for power supply at locations without (or with limited) grid connection, such as festivals, construction sites, and loading docks.

Currently, Watermeln’s rental fleet consists of three WM-200 units, each with a capacity of 200 kW.

Co-founder Jasper Baltus explains, “Watermeln’s mission is to offer not only reliable but also safe and affordable hydrogen generators that meet the highest demands of our customers. Our technology and software are ready. With this financing, we are better equipped than ever to deliver on that promise.”

The investor

The Amsterdam Climate and Energy Fund (AKEF) was founded by the City of Amsterdam and is managed by e3 Partners. The fund invests in projects in energy transition and circularity. 

Since its inception, the fund has committed more than €86M to 35 projects.

Beequip offers SMEs leasing solutions for acquiring equipment (used and new) or obtaining working capital through their equipment.

The company finances equipment in several different asset classes, such as road transport, earthmoving, maritime, and energy.