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Fossil-free hydrogen tech company Electric Hydrogen (EH2) announced a $198M raise from venture and strategic investors including Amazon, Equinor, Rio Tinto, and Honeywell
Progress stateside,
Fossil-free hydrogen tech company Electric Hydrogen (EH2) announced this morning a $198M Series B raise from venture and strategic investors including Amazon, Equinor, Rio Tinto, and Honeywell.
Boston-based Electric Hydrogen takes a bigger, broader approach to hydrogen in order to decarbonize industry with a goal to help eliminate more than 30 percent of global GHG emissions from hard-to-electrify industries.
Their high-throughput electrolyzer systems are made for continuous, high-volume production required for steel production and other crucial sectors.
EH2 systems have a minimum 100 megawatt (MW) capacity; the largest electrolyzer operating today has a 20 MW capacity. Their systems run on 100 percent clean energy, working seamlessly with cheap variable renewable power.
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