Air Liquide Venture Capital has backed an Ohio-based AEM electrolyser start-up in its Series A second close to ramp-up deployments and manufacturing of its hydrogen production systems.
The French industrial gas major’s venture capital arm made an undisclosed investment in Power to Hydrogen (P2H2) to support the US firm’s capital-raising efforts.
It comes after the company closed its Series A round in August 2024 having raised over $18m to scale and deploy its electrolysis technology based on a hybrid liquid alkaline-AEM stack design.
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