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Hydrogen startup spins out of Bill Gates-backed R&D effort, lands $7.8M

Lisa Stiffler of GeekWire reports on a new clean hydrogen startup.

The C3 Take
  • Peregrine Hydrogen, a spinoff of Orca Sciences and Breakthrough Energy, has raised $7.8 million in seed funding.
  • The company is aiming to create a cost-competitive process that creates hydrogen and valuable industrial chemicals with clean electricity.
  • The hydrogen will not be used for fuel and transportation, but rather for industrial processes.
  • Private-sector innovation is delivering climate progress.

“Hydrogen is made from a variety of sources, namely fossil fuels, and through the use of dirty power. Peregrine is among the ventures aiming to make hydrogen without carbon dioxide production.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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