# Blue World Technologies: Semiconductors, Aalborg, Denmark

> Blue World Technologies: Blue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.

Source: https://millionrounds.com/startup/blue-world-technologies (Millionrounds; every figure on the page links to its filing or article)

Denmark · [Semiconductors startup](https://millionrounds.com/companies)

# Blue World Technologies

Blue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.

Funding reported Last round: Venture (Round not Specified)

Semiconductors Aalborg, Denmark

Company summary

- **Founded:** 2018 8 years old
- **Team:** 48 11 to 50 people
- **Funding reported:** 92.4M as listed, currency not stated
- **Last round:** Venture (Round not Specified) Dec 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Blue World Technologies has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Blue World Technologies

Blue World Technologies is a developer and manufacturer of high-efficiency methanol fuel cell components and systems.

Founded in October 2018 and headquartered in Aalborg, Denmark, the company focuses on providing a green alternative to combustion engines and diesel generators, particularly for hard-to-abate sectors. With a team of approximately 100–120 employees, including over 10 PhDs, Blue World operates the "Blue Aalborg Factory," which produces 15 MW of fuel cell stacks annually. The company specializes in modular fuel cell systems that convert methanol into electricity with high efficiency, achieving electrical efficiencies up to 65%. Their products include fuel cell systems suitable for various applications, such as maritime propulsion, heavy-duty transportation, and stationary power generation. Blue World Technologies aims to support the green transition by offering renewable methanol as a scalable fuel, enabling significant fuel savings and carbon capture for sustainable operations.

## What company datasets say Blue World Technologies raised

Funding, as reported

Reported in all **92.4M** in the source's currency

Rounds **5**

Last round **Venture (Round not Specified)**

Last round size **12.1M**

Last round date **Dec 2023**

Investors listed **5**

## Founders and team

From Blue World Technologies's own website: 1 founder, 4 on the team.

**Anders Korsgaard** Chief Executive Officer and Co-founder

- **Christian Peter Schou Jakobsen** Chief Financial Officer
- **Morten Hougaard Sørensen** Chief Technology Officer
- **Christian Schou Jacobsen** Board member
- **Johan Nielsen** Board member

## The company, in detail

What they build

Known for

hardware co2 reduction clean energy & technology htpem transportation_logistics sustainable energy distribution manufacturing industrial production energy storage stationary power fuel cell technology environmental services decarbonization oil & energy marine applications

Built with from their website

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- **Sector:** Semiconductors
- **Industry code:** NAICS 33661, 334419, SIC 3621
- **Region:** North Denmark Region
- **Revenue:** 9.6M a year, as listed

## Semiconductors in Denmark

Startups like it

- [**Polytech** Bramming · founded 1994](https://millionrounds.com/startup/polytech-2)
- [**Dynelectro** Copenhagen · founded 2018](https://millionrounds.com/startup/dynelectro)
- [**Nordsense** Copenhagen · founded 2015](https://millionrounds.com/startup/nordsense)
- [**Lotus Microsystems** Hvidovre · founded 2020](https://millionrounds.com/startup/lotus-microsystems)
- [**Skycore Semiconductors** Copenhagen · founded 2021](https://millionrounds.com/startup/skycore-semiconductors)
- [**CEKO Sensors ApS** Kongens Lyngby · founded 2015](https://millionrounds.com/startup/ceko-sensors-aps)
- [**KiteX** Soborg · founded 2016](https://millionrounds.com/startup/kitex)

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