Ecolectro, based in Ithaca, New York, has closed a successful $10.5M Series A funding round led by Toyota Ventures to accelerate the development of its Anion Exchange Membrane (AEM) electrolyzers for green hydrogen production. The company's innovative AEM technology offers efficient and affordable hydrogen production at under $2.50/kg with over 70% efficiency, addressing the cost and logistical challenges faced by the global green hydrogen market. Ecolectro's breakthrough electrolyzers eliminate the need for rare materials and harmful chemicals, making them environmentally friendly and cost-effective. By enabling on-site hydrogen production, Ecolectro reduces transportation costs and carbon emissions, while also qualifying customers for green hydrogen tax credits. Ecolectro's partnership with Liberty New York Gas in Massena demonstrates the success of blending green hydrogen with natural gas for commercial heating, showcasing the potential to significantly reduce CO2 emissions. The company's AEM electrolyzers are designed for reliability and flexibility, allowing for integration with renewable energy sources and accommodating varying industry needs for hydrogen production. Ecolectro's commitment to innovative technology paves the way for broader adoption of green hydrogen, with the aim of decarbonizing industries that are traditionally hard to abate. The successful deployment of their pilot program and the plans for future large-scale projects signal a promising future for Ecolectro in driving down the cost of green hydrogen and making it more accessible.