Amrith Ramkumar of The Wall Street Journal writes about Electric Hydrogen, which has raised $1 billion.
- Splitting water molecules with renewable power to produce carbon-free hydrogen is an expensive process that has hamstrung green hydrogen startups.
- Electric Hydrogen believes that it has found a way to lower the cost of hydrogen production with its novel electrolyzer’s that uses metal coated membranes to split water molecules.
- The company is opening its first large electrolyzer factory in 2024 next to a fusion startup and battery recycling company.
“Electric Hydrogen aims to further drive down costs. By 2030, customers will be able to produce hydrogen in renewables-rich states such as Texas for roughly $1.50 per kilogram, in line with hydrogen made from natural gas, it says.”
Read the full article here.
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