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Peregrine Hydrogen

Hydrogen Economy
Product stageSegments
Seed
?
Clean Hydrogen
?

Peregrine Hydrogen, a spin-out from Orca Sciences’ climate technology incubator, is developing electrolyzer technology to produce clean hydrogen at cost parity with steam methane reforming (SMR).

Peregrine Hydrogen’s novel dual production technology leverages the chemical properties of the feedstock to reduce the energy required to produce clean hydrogen, while simultaneously producing the industrial chemicals needed by its customers.

According to the company, its technology emits zero greenhouse gases and requires 50% less energy than water electrolysis.

Funding and financials

In October 2023, the company raised USD 7.8 million in seed funding led by lead investor Bidra, with participation from Builders, Gates Frontier, Presidio Ventures, RiSC Capital, and Schox. The funds were used for technical refinement and the scaling of the technology, additional hiring, and expansion into the commodity chemical market.


Hydrogen Economy

Hydrogen Economy

Key stats
Featured companies
66
Total funding (USD)
9.5 Bn
Total addressable market (USD)
128.7 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Sep 22, 2023
Peregrine Hydrogen raises USD 7.8 million to scale its technology
Hydrogen Economy

Company Brief


HQ location:
250 Natural Bridges Drive Santa Cruz CA USA
Founded year:
2023
Employees:
1-10
Total Funding:
USD 7.8 million
Last Funding
USD 7.8 million, Sep 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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