Kerionics — Unstaged equity

GD Energy Services (GDES), the Dominguis family's industrial services group, signed a deal with Kerionics that includes a loan convertible into equity, making GDES an equity partner. GDES also provides technical support to industrialise the SOEC technology. The amount was not disclosed. Earlier non-dilutive support included Fundación Repsol, the H2020 SME Instrument, Climate-KIC, IVACE, AVI and CDTI (Neotec, Misiones).