Nexceris has finalised its $60m deal with the US Department of Energy (DOE) designed to scale up its electrolysis stack technology.
The Ohio-based firm offers solid oxide electrolysis (SOEC) and fuel cell (SOFC) stack technology for power generation and reversible operation for grid support applications.
The $60m comes as part of the DOE’s $750m funding programme for 52 projects across 24 states. Nexceris submitted a project under the topic ‘Low-cost, High-Throughput Electrolyser Manufacturing.’
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