Electric Hydrogen is a company that focuses on creating advanced electrolyzer technologies. The company’s mission is to decarbonize the global energy sector by making clean hydrogen a viable alternative to traditional fossil fuels.
Electric Hydrogen has raised$380 million in a Series C round. The new round was led by Fortescue, Fifth Wall and Energy Impact Partners and included new investors bp Ventures, Oman Investment Authority, Temasek, Microsoft’s Climate Innovation Fund, the United Airlines Sustainable Flight Fund, New Legacy, Kajima Ventures and Fatima Holdings USA. Existing strategic investors Amazon’s Climate Pledge Fund, Equinor Ventures, Mitsubishi Heavy Industries, and others continued their participation.
Electric Hydrogen, Natick, Massachusetts, United States, was founded in 2021 by David Eaglesham, Derek Warnick, Dorian West, and Raffi Garabedian. “We’re here to replace natural gas and coal with renewable green hydrogen. To address the global climate challenge, we need new technologies that help critical industries reduce their emissions. Electric Hydrogen’s 100MW electrolyzer systems do that”, said Raffi Garabedian, Chief Executive Officer and Co-founder of Electric Hydrogen. “Today’s hydrogen comes from natural gas and coal and accounts for around 2.5% of global carbon emissions. There has not been a viable solution to this problem because renewable green hydrogen has been too expensive to produce at scale. The Electric Hydrogen team is changing that and the opportunities for decarbonization go far beyond today’s applications”.