Hgen raised $5M in a seed funding round led by Seven Seven Six to accelerate the commercial deployment of its higher efficiency electrolyzer technology.

Sep 17, 2024•over 1 year ago

Amount Raised

$5 Million

Round Type

seed

HawthorneRenewable EnergyOil And GasEnergyManufacturing

Investors

Fontinalis PartnersFounders FundSeven Seven Six

Description

Hgen, a company focused on producing clean hydrogen, has announced a $5M seed financing round led by Seven Seven Six with participation from Founders Fund and Fontinalis Partners. The funding will be used to accelerate the commercialization of its innovative electrolyzer technology at customer sites.

Company Information

Company

Hgen

Location

Hawthorne, California, United States

About

Hgen makes clean hydrogen to decarbonize heavy industry. Its higher-efficiency alkaline electrolyzer converts water and electricity into clean hydrogen, which is used as feedstock in industrial processes like chemicals and steel production. Founded in 2021, the company aims to transform the over $100B market for fossil-fuel derived hydrogen into a cleaner alternative. Hgen's technology focuses on reducing costs and increasing efficiency in hydrogen production.

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