H2Scan raises $13.5m to develop hydrogen monitoring system

H2Scan has closed $10.5m in a financing round from Energy Growth Momentum, a UK-based private equity group and $3m in venture debt from El Dorado Investment Company.

The California-based company will use its new capital to accelerate production of its Gen 5 technology, the first of its kind small-scale, low-cost ASIC-based hydrogen measuring sensor that delivers high accuracy, operates in high temperatures and requires zero maintenance or calibration.

H2Scan hopes to develop a new Gen 5 System that will cost up to 80% less and will be three times smaller than existing hydrogen monitoring systems.

A proportion of the funds will also be used to build a propriety automated sensor manufacturing (ASM) capability that expands the manufacturing capacity of H2Scan products at the company’s production facility in Valencia.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...