Start-up raises $7.8m to deliver clean hydrogen ‘without the green premium’

A Californian start-up with clean hydrogen production technology that promises to deliver cost parity with current steam methane reforming (SMR) pathways, has closed an oversubscribed $7.8m seed financing round.

Newly launched Peregrine Hydrogen span out of climate tech research group Orca Sciences in June 2023, is developing a novel electrolyser technology to produce clean hydrogen “without a need for subsidies.”

The start-up says its co-production technology delivers clean hydrogen alongside clean industrial chemicals utilising proprietary chemical engineering.

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