Hgen raises US$5 million to commercialise higher efficiency electrolyser

The raise was led by Seven Seven Six, with participation from Founders Fund and Fontinalis Partners. Hgen will use this funding to accelerate the commercial deployment of its technology at customer sites.

Nearly 100 million tons of fossil-fuel derived hydrogen are produced every year for use in industrial and chemical processes. Founded in 2021, Hgen seeks to decarbonise the market by producing clean hydrogen from water and electricity via its alkaline electrolysers.

Hgen has developed an alkaline electrolyser with 20x higher volumetric power density compared to conventional alkaline electrolysers, resulting in a 20x smaller system that can produce the same amount of hydrogen. This high-power density is unlocked by Hgen’s hydrogen-generating cells, which are 9% more efficient and 6x thinner than standard alkaline cells. This translates to a more compact and lower cost electrolyser.

Hgen’s CEO, Molly Yang, said: "Electrolyser installations today look like custom petrochemical construction projects — bespoke and costly. Our pre-assembled modules include the balance of plant, avoiding the custom design and on-site construction that balloons the cost of hydrogen projects today.”

With early support from Breakthrough Energy Fellows, Hgen scaled its technology from a benchtop prototype to an industrial scale demonstration running at its Hawthorne facility. The company is now focused on deploying its technology at customer sites.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/18092024/hgen-raises-us5-million-to-commercialise-higher-efficiency-electrolyser/