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Funding Rounds + Electrolyzer Orders

Inside this issue

Is the hydrogen hype turning the corner into reality? H2U intends to bring down the cost of electrolyzers and with funding from Motus Ventures, Hess, and others, the partners see a path to reducing costs and eliminating the dependency on rare earth minerals.

Reliance on rare and precious metals such as iridium dramatically increases the cost of PEM electrolysis, and ultimately the cost of green hydrogen. However, H2U's CDE can identify earth-abundant alternative catalysts at a rate one million times faster than known industry methods, unlocking a critical barrier to PEM water electrolysis scalability and maximizing the production of ultra-low-cost clean hydrogen.
Source: H2U

Clearly, this is still early stage technology that needs time to be commercially viable. Talking to individuals along the hydrogen supply chain it is critical that costs must decrease for electrolyzers in order to reach the scale that is required to meet the potential for the hydrogen economy.

In the DOE's Hydrogen Program, reducing the cost of electrolyzers is a core assumption to unlocking demand from markets and thus enabling more production. Hydrogen demand today is near 10 million metric tons (MMT).

What is hydrogen demand potential in the US? Based on the DOE scenarios, the market potential ranges from 22 MMT/year to 41 MMT/year. A staggering 2x-4x increase in demand.

Articles in this issue

H2U Technologies Closes $11M in Series A Funding from Jericho Energy Ventures, Freeflow Ventures, VoLo Earth Ventures, and Hess Corporation
H2U Technologies, Inc. (H2U), the developer of new energy technologies to produce green hydrogen, closed an oversubscribed $11 million Se...

Cleantech Innovator Aymium Completes Strategic Financing Backed by Global Leaders in Steel and Metals Production
Aymium, the leading producer of renewable biocarbon products, announced that it has secured Series B funding to support capacity expansio...

FPL Announces Cummins to Supply Electrolyzer for Florida's First 'Green' Hydrogen Plant – Potential Key to Carbon-Free Electricity
Florida Power & Light Company (FPL) today announced Cummins Inc. (NYSE: CMI) will supply a 25-megawatt (MW) electrolyzer system for the g...

ABS Launches GHG Inventory and Carbon Accounting Service
ABS has launched Greenhouse Gas (GHG) Inventory and Carbon Accounting, adding to its industry-leading suite of marine and offshore sustai...

Entelligent Announces First Close of Series A Funding to Advance Predictive Climate-Risk Assessment Platform
Entelligent, a leading independent data and analytics firm, announced the first close of its Series A funding to leverage its predictive ...

Immune to irony, Nori puts a carbon market on the blockchain
The Ethereum blockchain isn’t exactly the first thing that springs to mind when you’re thinking of solutions to climate problems, but tha...

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