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The Secret Behind the First $1 Billion Green Hydrogen Startup

Amrith Ramkumar of The Wall Street Journal writes about Electric Hydrogen, which has raised $1 billion.

The C3 Take
  • 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.

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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