Vema Hydrogen has been awarded $13m to advance the development of its simulated geologic hydrogen (SGH) operations.
The North Carolina startup will use the funds to develop North America’s first full-scale SGH pilot wells, injecting water and a catalyst into iron rock to mimic natural hydrogen formation.
Vema Hydrogen claims its process consumes less than 3kWh per kg of hydrogen, achieving production costs below $1/kg.
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