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Electric Hydrogen raises USD 198 million in Series B funding
Hydrogen Economy
Jun 22
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Hydrogen Economy

Hydrogen Economy

Jun 22

Electric Hydrogen raises USD 198 million in Series B funding

Funding

  • Electric Hydrogen, a startup producing cost-competitive clean hydrogen, has raised USD 198 million in a Series B funding round led by Fifth Wall Climate Tech. The round brings Electric Hydrogen’s total funding to USD 222 million. 

  • The funds will be used to scale up the company’s electrolyzer technology and to produce clean hydrogen in large-scale industrial and infrastructure projects. 

  • Amazon’s Climate Pledge Fund, Honeywell, Mitsubishi Heavy Industries, Silicon Valley Bank, and Trinity Capital also participated in the round, along with existing investors Breakthrough Energy Ventures, Capricorn Partners, and Prelude Ventures. 

  • Established in 2021, Electric Hydrogen is a decarbonization startup aiming to produce low-cost, highly efficient, and fossil-free hydrogen. The company uses a new generation of electrolyzer technologies and focuses on heavy emitters like the steel production, mining, and agriculture industries.

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