Electric Hydrogen (EH2) has raised $380m in Series C financing to accelerate its green hydrogen system manufacturing and deployment plans to meet customer demands.
The funding round was led by Forescue, Fifth Wall and Energy Impact Partners, and included top investors bp Ventures, Oman Investment Authority, Temasek, and Microsoft’s Climate Innovation Fund among others.
EH2’s electrolyser systems are capable of producing green hydrogen from renewable electricity and water and the company plans to deliver and commission 100MW electrolyser systems, that can each produce nearly 50 tonnes of green hydrogen per day.
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