Calicat, previously known as H2U Technologies, has successfully closed a $3 million Series A-2 funding round, bringing their total funding to $18 million. The company specializes in developing advanced materials for electrolysis, particularly focusing on Green Hydrogen production. The funding round saw participation from both existing investors like Volo Earth Ventures and new investors including Acario Innovation and MOL Switch. Calicat aims to utilize the funds for the productization of their non-Iridium catalysts and coatings for PEM electrolysis cells, which are crucial in Green Hydrogen production. Founded as a spinout from Caltech, Calicat utilizes AI models and physical testing methods to expedite electrocatalyst discovery, ultimately aimed at lowering the levelized cost of Hydrogen (LCOH). By partnering with industry giants like SoCal Gas and Tokyo Gas, Calicat has already made significant strides in addressing material scarcity issues in Green Hydrogen production. The CEO, Jourdan Urbach, emphasizes the company's commitment to lowering the cost of Green Hydrogen and enabling a cleaner energy future through innovative approaches. Quotes from key stakeholders in the industry highlight the importance of Calicat's work in driving decarbonization efforts and revolutionizing the hydrogen energy sector.