Green hydrogen production firm Supercritical Solutions has completed a £14m Series A investment round to launch pilots of its proprietary electrolyser technology.
The funding will also be used to enhance its technology, scale its manufacturing and operations and access new markets.
The London-based firm says it is delivering green hydrogen at world-leading efficiency and at pressures unmatched by any other hydrogen generator, making it a perfect match for chemicals and fuels – the largest markets for hydrogen production.
The round was co-led by Shell Ventures B.V. and Toyota Ventures and also saw follow-on investment from seed investors Lowercarbon Capital and Anglo American Platinum, as well as attracting new investors.
“Supercritical Solutions’ unique membraneless electrolyzer has the potential for groundbreaking energy efficiency that is critical to bringing down the levelized cost of hydrogen,” said Ethan Sohn, principal of Toyota Ventures.
“We are delighted to support the team on their path to scaling their technology, as cost-effective green hydrogen is essential for decarbonizing hard-to-abate industries.”
Supercritical is confident that it can lower hydrogen production costs to compete with fossil fuel production, catalysing the shift from grey to green energy across industries.
Matt Bird, CEO of Supercritical, added: “Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future.
“This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”
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