Australian biocatalyst start-up raises A$6m for biomass-to-hydrogen technology

Australian start-up HydGene Renewables has raised A$6m ($4.07m) in Seed funding to scale up its biocatalyst technology for pilot testing to produce hydrogen from biomass waste.

Led by Argonomics which invested A$2.5m ($1.69m)), the funding round saw involvement from Clean Energy Finance Corporation (CEFC) with A$2m ($1.36m) as well as Understorey Ventures and NOAB Ventures.

HydGene uses synthetic biology to engineer microorganisms to act as a proprietary biocatalyst for the production of green hydrogen from waste biomass via fermentation.

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