US startup Hgen has secured $5m in funding to accelerate the commercialisation of its alkaline electrolysers at customer sites.
The firm announced the closing of a seed financing round yesterday (September 17), which was led by Seven Seven Six and supported by Founders Fund and Fontinalis Partners.
Hgen’s electrolysers are reported to have “20 times higher volumetric power density compared to conventional alkaline electrolysers.” This results in a smaller system that can produce the same amount of hydrogen.
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