Electric Hydrogen, a Boston, MA-based decarbonization firm, raised $198M in funding.
The spherical was led by Fifth Wall Local weather Tech with participation by S2G Ventures, Silicon Valley Financial institution, Trinity Capital, Local weather Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, Rio Tinto, Breakthrough Vitality Ventures, Capricorn Companions, Vitality Impression Companions, and Prelude Ventures.
The corporate intends to make use of the funds to scale-up its excessive throughput electrolyzer know-how and the manufacturing and deployment of demonstration tasks to supply fossil-free hydrogen (often known as “inexperienced hydrogen”) at massive scale for industrial and infrastructure functions.
Led by co-founders Raffi Garabedian and Dave Eaglesham, former executives at First Photo voltaic, Dorian West, former engineering lead at Tesla, and Derek Warnick, former Firm Builder at Breakthrough Vitality Ventures, Electrical Hydrogen is a deep decarbonization firm pioneering new know-how for low-cost, high-efficiency, fossil-free hydrogen techniques. Specializing in industrial functions of hydrogen in metal, ammonia and freight transport, EH2’s purpose is to assist remove greater than 30% of world GHG emissions from hard-to-electrify industries.