# BayoTech

> Albuquerque modular on-site hydrogen production — Sandia-licensed steam methane reforming scaled via local hydrogen hubs.

## Why it is interesting

Sandia National Labs spillover in practice: BayoTech licensed core SMR technology from Sandia, built an 18,000 sq ft Albuquerque Center of Excellence, and raised up to $157M from Newlight Partners (Jan 2021) with Cottonwood Technology Fund among early backers — hydrogen hardware, not quantum pitch decks.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** climate-tech, deep-tech, hardware-semiconductors
- **Coverage:** full
- **Last updated:** 2026-07-29

## Key facts

- Albuquerque HQ — 18,000 sf Center of Excellence
- Sandia National Labs technology license origin
- Jan 2021: up to $157M equity from Newlight Partners (+ Fortistar, Cottonwood, Sun Mountain)
- Modular on-site hydrogen vs centralized production model

## Investors in our directory

- https://venturecapitaltracker.com/fund/cottonwood-technology-fund

## Related articles

- https://venturecapitaltracker.com/albuquerque-startups-and-vc-firms-2026

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Source: https://venturecapitaltracker.com/startup/bayotech