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Start-ups

Electric Hydrogen raises $198 million for hydrogen electrolysis

by Craig Bettenhausen
June 30, 2022 | A version of this story appeared in Volume 100, Issue 24
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The green hydrogen start-up Electric Hydrogen has raised $198 million in series B funding from Amazon, Equinor, Honeywell, Mitsubishi Heavy Industries, and other investors. The firm says it will use the money to build demonstration-scale projects providing hydrogen made by electrolysis. When powered by renewable or nuclear energy, electrolytically producing hydrogen has the potential to reduce the climate impact of fuel and chemical production.

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