Hgen raised $5M in a seed funding round led by Seven Seven Six to accelerate the commercial deployment of its higher efficiency electrolyzer technology.
Hgen raised $5M in a seed funding round led by Seven Seven Six to accelerate the commercial deployment of its higher efficiency electrolyzer technology.
09/17/24, 1:55 PM
Location
hawthorneMoney raised
$5 million
Industry
renewable energy
oil and gas
energy
manufacturing
Round Type
seed
Investors
Fontinalis Partners, Founders Fund, Seven Seven Six
Hgen, a company focused on producing clean hydrogen, has announced a $5M seed financing round led by Seven Seven Six with participation from Founders Fund and Fontinalis Partners. The funding will be used to accelerate the commercialization of its innovative electrolyzer technology at customer sites.
Company Info
Location
hawthorne, california, united states
Additional Info
Hgen makes clean hydrogen to decarbonize heavy industry. Its higher-efficiency alkaline electrolyzer converts water and electricity into clean hydrogen, which is used as feedstock in industrial processes like chemicals and steel production. Founded in 2021, the company aims to transform the over $100B market for fossil-fuel derived hydrogen into a cleaner alternative. Hgen's technology focuses on reducing costs and increasing efficiency in hydrogen production.