Ecolectro – Making Affordable Green Hydrogen a Reality: Announcing our Series A Funding Led By Toyota Ventures
Green hydrogen has the power to transform sectors from heavy industry to transportation, but traditional production methods have kept it costly, complex, and out of reach for many businesses ready to make a clean energy shift. At Ecolectro, we’re setting out to change that with a vision to make green hydrogen affordable, accessible, and available now.
The close of our Series A funding round led by Toyota Ventures with support from impact-driven investors like Starshot Capital and DNX Ventures will allow us to take a big step forward toward realizing our goal of cost-effective, scalable green hydrogen.
We see three main obstacles that have held back green hydrogen’s progress: it’s too expensive due to reliance on rare metals and materials like iridium, it’s less green than it should be due to the use of forever chemicals that end up in our land and water supply, and it’s too hard to transport, adding costs and emissions.
At Ecolectro, we’re tackling all of this head-on. Our patented Anion Exchange Membrane (AEM) technology isn’t dependent on iridium, doesn’t use harmful PFAS-containing chemicals, and is delivered to customers for on-site production. All of this contributes to our ability to produce hydrogen on-site under $2.50 per kilogram—that’s a fraction of what other methods cost.
Our electrolyzers are already proving the impact of our approach. Our first commercial deployment is with Liberty Utilities in New York, where we’re blending hydrogen with natural gas to help heat commercial buildings. This is a real step forward in showing how decentralized, on-site hydrogen production can be part of the solution today.
And that’s just the beginning. With our Series A funding, we’re scaling up our technology to meet the needs of the hardest-to-decarbonize industries. In 2025, we’ll start testing electrolyzers ranging from 250 kW to 5 MW, production levels that will reshape sectors like steel, aviation, and transportation that need affordable, clean hydrogen at scale.
Our team is ready, our technology is ready, and now, with the backing of our investors, we’re here to make green hydrogen the clean energy solution of tomorrow.
READ the latest news shaping the hydrogen market at Hydrogen Central
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