Skip to main content

SunHydrogen accepts investment commitment from GHS Investments

Published by , Editorial Assistant
Global Hydrogen Review,


SunHydrogen, Inc., the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, has shared that it has accepted a US$45 million investment commitment from GHS Investments, LLC, of Jericho, New York, US.

The proceeds will be used in part to further the development of SunHydrogen’s nanoparticle-based green hydrogen technology, and in parallel to enable the company to invest in and co-develop other complementary technologies across the renewable hydrogen value chain.

SunHydrogen remains committed to developing its nanoparticle technology to commercialisation, with its most immediate internal goal being the successful demonstration of a first-ever, production-quality prototype.

However, with the addition of the US$45 million capital commitment, the company also looks to realise its goal of furthering renewable hydrogen technology to grow the hydrogen ecosystem. Specifically, SunHydrogen seeks to make strategic investments by partnering with other early-stage companies to enable and assist them in reaching their own manufacturing stages.

This vision is evidenced by SunHydrogen’s recent US$10 million strategic investment in Norway-based TECO 2030, the developer of zero-emission technology for the maritime and heavy industry sectors.

“This investment commitment from GHS ushers in a new era of SunHydrogen as a technology company for the green hydrogen economy,” said SunHydrogen’s CEO, Tim Young.

“Our mission to develop, acquire and partner with other critical technologies brings significant value to our investor base,” Mr. Young continued. “Our cooperation with TECO 2030 is a prime example of this.”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/30112022/sunhydrogen-accepts-investment-commitment-from-ghs-investments/

You might also like

Cranfield University wins research funding

Cranfield University has secured £69 million in funding to spearhead the research and development of a hydrogen technology hub to demonstrate the potential of hydrogen as a net zero aviation fuel.

 
 

Embed article link: (copy the HTML code below):