Banking giants back EH2’s electrolyser deployments with $100m loan

Electric Hydrogen (EH2 has secured a $100m loan from banking majors to finance the manufacturing and deployment of its 100MW hydrogen electrolyser plants.

Led by HSBC, the funding saw participation from J.P. Morgan, Stifel Bank and Hercule Capital, as the company aims to deliver its first PEM electrolyser stacks to a project in Texas later this year (2024).

Read more: Large-scale Texas green hydrogen project to utilise EH2’s 100MW electrolyser system

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