BII and Villum Foundation collaborate to spur innovation in Power-to-X

In recent years, interest in Power-to-X technology has grown based on its potential to produce fuels, chemicals, and materials based on green hydrogen generated through electrolysis. The technology is expected to play a key role in the green transition. However, to unlock its full potential, more research in the field must be translated into innovation that can attract commercial interest.

To address this challenge and further push the development of innovation in Power-to-X, BioInnovation Institute (BII) and Villum Foundation announce a new collaboration today. In 2025 and 2026, Villum Foundation will donate DKK 20 million to support four promising Power-to-X projects, which will join BII’s acceleration program, Venture Lab. The program aims to help early-stage startups build a strong team and business plan so they can attract external investment.