H2Scan Announces Successful $70 Million Capital Raise

Feb 22, 2022•over 3 years ago

Amount Raised

$70 Million

Valencia

Description

H2scan, a world leader in providing hydrogen sensors for electricity utilities and industrial markets, today announced it has closed a $70 million capital raise, securing growth capital to underpin the company’s rapid expansion.

Company Information

Company

H2scan Corporation

Location

Valencia, Valencian Community, Spain

About

H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The company’s Gen 5 technology provides the most accurate, tolerant and affordable hydrogen sensors for a wide range of industrial leak detection and process gas monitoring markets including control systems, safety monitoring and alarm systems. H2scan sensors are also used for electrical distribution reliability and are ideal for measuring hydrogen concentration in fuel cells, hydrolyzers and the hydrogen distribution pipelines to reduce carbon emissions. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including ABB, Siemens, GE Energy, Qualitrol, DOD, ExxonMobil, Shell, Chevron, Proctor & Gamble and more. For more information, please visit http://www.h2scan.com.

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