What is H2Pro?
Founded in 2019 and headquartered in Caesarea, Israel, H2Pro is at the forefront of green hydrogen production through its groundbreaking E-TAC (Electrochemical - Thermally Activated Chemical) technology. This method achieves over 95% efficiency in splitting water to produce hydrogen, offering a safe, cost-competitive alternative to fossil-fuel hydrogen. Unlike traditional electrolysis, E-TAC's staged production of hydrogen and oxygen bypasses the need for expensive membranes, leading to simpler construction and reduced power consumption. The technology is rooted in extensive research by the founding team at the Technion, Israel Institute of Technology, positioning H2Pro as a key innovator in the burgeoning hydrogen economy.
How much funding has H2Pro raised?
H2Pro has raised a total of $107.2M across 3 funding rounds:
Series A
$10.2M
Other Financing Round
$22M
Series B
$75M
Series A (2020): $10.2M with participation from IN Venture
Other Financing Round (2021): $22M led by Hyundai Motor Company, Sumitomo, Li Ka Shing Foundation, and Bill Gates
Series B (2022): $75M supported by Temasek, ArcelorMittal, Horizons Ventures, Yara, and Breakthrough Energy Ventures
Key Investors in H2Pro
Temasek
Temasek is a global investment company headquartered in Singapore, known for its generational investment approach and focus on making a difference with tomorrow in mind.
ArcelorMittal
ArcelorMittal is a global leader in the steel and mining industry, developing high-quality, high-efficiency steels and innovative solutions for various sectors, including automotive and energy.
Breakthrough Energy Ventures
Breakthrough Energy Ventures invests in cutting-edge companies aiming to achieve net-zero emissions, providing patient, risk-tolerant capital to entrepreneurs building transformative clean energy innovations.
What's next for H2Pro?
The recent major strategic investment in H2Pro signals a pivotal growth phase for the company. With substantial backing, H2Pro is poised to scale its operations and further commercialize its highly efficient E-TAC technology. This capital infusion is expected to accelerate the company's expansion, potentially enabling it to capture a significant share of the global green hydrogen market. The ongoing support from prominent investors and strategic partners highlights the market's readiness for H2Pro's disruptive solution to clean energy challenges.
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