Stargate Hydrogen raises €42 million for scaling up ceramic-based electrolysers
09 May 2024
UG Investments portfolio company Stargate Hydrogen, a pioneering force in green hydrogen solutions, announces the successful completion of its seed funding round, raising €42 million. This substantial investment, comprising both equity and grant instruments, is designated for the scaling of its patented electrolyser technology. Stargate Hydrogen’s technology is fundamentally different from other electrolysers in terms of both materials and the development approach used, allowing to bring down the cost of green hydrogen to 1 Euro
per kilogram.
Read the press release here: https://stargatehydrogen.com/news/stargate-hydrogen-raises-fund/