Loading...
Loading...
aem-start-up-raises-10-5m-with-promises-of-low-cost-green-hydrogen
© Ecolectro | CTO Kristina M. Hugar and CEO Gabriel Rodriguez-Calero
aem-start-up-raises-10-5m-with-promises-of-low-cost-green-hydrogen
© Ecolectro | CTO Kristina M. Hugar and CEO Gabriel Rodriguez-Calero

AEM start-up raises $10.5m with promises of low-cost green hydrogen

US electrolyser start-up Ecolectro has raised $10.5 in a Series A round to accelerate the development and deployment of its AEM systems, which it claims can already produce green hydrogen for under $2.5/kg.

Seeing participation from Starshot Capital, DNX Ventures, Energy Revolution Ventures, New Climate Ventures and more, the round led by Toyota Ventures brings the start-up’s capital raise to $27.7m following on from US state and federal grants.

Founded by two Cornell PhD chemists, Ecolectro is developing a PFAS and iridium-free AEM electrolyser, which it says uses readily available, recyclable and eco-friendly materials to produce hydrogen.

… to continue reading this article and more, please login, register for free, or consider subscribing to H2 View

Register today

Paywall Asset Header Graphic

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and H2 View’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other H2 View archives, please consider subscribing.

Alternatively, you can continue reading more articles as a guest on Friday, 13th December at 4:49PM

Please wait...