What is HiiROC?
Founded in 2019 and headquartered in Kent, United Kingdom, HiiROC is a technology-driven enterprise focused on the production of clean hydrogen. The company's core value proposition lies in its innovative thermal plasma electrolysis technology, which enables the conversion of biomethane or natural gas into hydrogen and solid carbon black. This process is notably more energy-efficient than conventional electrolysis, positioning HiiROC as a key player in the transition toward a hydrogen-based economy. By providing a scalable and cost-effective solution, the company serves as a critical link in the supply chain for industries seeking to reduce their carbon footprint without compromising on operational efficiency.
How much funding has HiiROC raised?
HiiROC has raised a total of $34.5M across 1 funding round:
Unspecified
$34.5M
Unspecified (2021): $34.5M with participation from HydrogenOne, Wintershall Dea, Hyundai Motor Company, VNG, Kia, Melrose, and Centrica
Key Investors in HiiROC
Wintershall Dea
Wintershall Dea is an international energy company specializing in oil and gas production with a global operational footprint across Europe, Asia, and the Americas.
Hyundai Motor Company
Hyundai Motor Company is a major South Korean automobile manufacturer producing a diverse range of vehicles, including SUVs, luxury cars, and commercial transport.
Kia
Kia Corporation is a global automotive manufacturer based in Seoul, South Korea, focusing on the production of eco-friendly vehicles and commercial transport solutions.
What's next for HiiROC?
With the successful closure of this major strategic investment, HiiROC is poised to enter a phase of rapid commercialization and infrastructure development. The company's roadmap likely includes the deployment of modular production units at industrial sites, allowing for decentralized hydrogen generation that minimizes transport costs and logistical complexities. Furthermore, the involvement of major automotive and energy conglomerates suggests a strategic alignment aimed at integrating HiiROC's hydrogen output into existing fuel cell vehicle supply chains and industrial heating applications. As the global regulatory environment increasingly favors low-carbon energy sources, HiiROC's ability to deliver high-purity hydrogen at scale will be instrumental in securing its position as a leader in the sustainable energy transition.
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