UK-based electrolyser developer Oort Energy has today (June 7) announced it has closed its oversubscribed £5m ($6.2m) Seed raise led by Energy Revolution Ventures (ERV).
Planned to support the set-up of Oort’s electrolyser stack manufacturing facility and the deployment of its first fully compliant demonstrator, the funding sees around £800,000 ($992,800) in grants awarded by various UK and EU government bodies.
The Seed round investors included Asian-based decarbonisation fund TRIREC, as well as a “corporate strategic investor.”
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