EH2 raises an additional $50m in financing to support 1.2GW factory

Trinity Capital has committed $50m in equipment financing to Electric Hydrogen (EH2) to support the development of its US gigafactory.

The facility, located in Devens, Massachusetts, plans to eventually produce up to 1.2GW of its 100MW green hydrogen electrolysers per year, expected to begin initial production in Q2, 2024.

Last year (2023), EH2 raised over $380m in Series C financing, bringing its total capital raised to more than $600m.

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