Israel-based H2Pro has secured a $22m investment to push forward the production of its water splitting device that could produce green hydrogen at $1/kg.
Founded in 2019, H2Pro hopes it can make a big impression in the hydrogen space, with its develop device expected to reach 95% efficiency, operate at higher pressure and cost significantly less than an electrolyser.
In a statement, H2Pro said that, coupled with anticipated reductions in the cost of renewable energy, the technology will enable the low-cost production of hydrogen.
Commenting on the announcement, Talmon Marco, CEO of H2Pro, said, “Hydrogen is an important part of any plan to reach climate neutrality.”
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