Power to Hydrogen, a Columbus, Ohio-based company specializing in advanced electrolysis technologies, has secured over $18 million in funding to expand its operations and advance its innovative AEM electrolysis technology for driving the clean energy transition by producing high-pressure hydrogen from renewable energy sources.
The recent funding round led by Rev1 Ventures and Worthington Enterprises also saw participation from global investors like Finindus, JERA, Asahi Kasei, American Electric Power, and EDP Ventures.
With this funding, Power to Hydrogen aims to grow its U.S.-based team in Columbus, Ohio, expand its manufacturing capabilities, and establish new offices in Belgium to strengthen its international presence. The company’s focus on developing industrial-scale electrolysis systems positions it to play a key role in the global clean energy transition.
“We welcome an excellent mix of new investors, including the leading investor in the Midwest of the United States, two of the most successful hydrogen investors over the last decade, and strategic partners spanning Australia, Japan, North America, and Europe,” said Power to Hydrogen Founder and CEO, Dr. Paul Matter.
Power to Hydrogen Expanding Global Reach
Power to Hydrogen plans to use its AEM (Anion Exchange Membrane) electrolysis technology to accelerate high-pressure hydrogen production. This technology uses low-cost materials and allows for high current density while meeting industry durability standards. Notably, the company is on track to install the largest AEM electrolysis stack in the world at the Port of Antwerp, a significant milestone in clean energy.
“Coupling hydrogen production with renewable energy is not as easy as some people will lead you to believe – Power to Hydrogen has not only managed to bring AEM electrolysis to a new level in terms of durability, but they have also extensively demonstrated robust cycling behavior of their patented electrolyzer design,” said Hans Maenhout, Investment Director at Finindus.
“We are looking forward to welcoming the first of its industrial size electrolyzers to the Flanders region later this year,” added Hans.
Strategic Growth and Innovation
Founded by Paul Matter and Christopher Holt, Power to Hydrogen is committed to revolutionizing the energy sector with its cost-effective and efficient technology. The company’s AEM Electrolyzer technology offers a promising solution for integrating renewable energy into the global power grid by converting renewable electricity and water into high-pressure hydrogen.
As the company works closely with government and industry leaders, it aims to scale its technology and further its mission of advancing the clean energy economy.
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