Portuguese startup 1s1 Energy has closed a $1.4m funding round and initiated a $2.3m PEM electrolysis stack validation project.
The financing was led by Faber Ventures and Asiri LLC, with participation from Rumbo Ventures, City Light and Gibson Lane. 1s1 will undertake the electrolyser project with CEEE-G as part of Brazil’s Aneel P&D programme and will be supported by Brazil’s largest steel producer, CSN.
The project is expected to test various capacities of the firm’s electrolysis stacks, assembling a laboratory-scale balance of plant and developing software to control 6kW and 50kW systems. The aim is to validate electrolyser performance and durability and provide hands-on experience to CEE-G and CSN in operating the solutions.
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