HYDGEN Revolutionizes Green Hydrogen Production in Asia with AEM Electrolyzers
Key Ideas
  • HYDGEN secures SGD 2 million seed funding to advance decentralized green hydrogen production using AEM electrolyzers.
  • AEM electrolyzers offer lower cost, scalability, high efficiency, and operational flexibility, revolutionizing the traditional hydrogen supply chain.
  • Funds raised will support manufacturing facility development, product scaling, and market expansion in India and Southeast Asia, tapping into the growing green hydrogen market.
  • HYDGEN's technology aims to make green hydrogen accessible and affordable for small to mid-sized industries, driving a shift towards decentralized hydrogen production.
HYDGEN, a leading innovator in green hydrogen production, has successfully closed a seed funding round of SGD 2 million led by Cloudberry Pioneer Investments. The company's AEM electrolyzers offer a breakthrough in decentralized green hydrogen production by providing lower cost, scalability, high efficiency, and operational flexibility. This innovation addresses the challenges of centralized and expensive hydrogen supply chains. The funding will be utilized to develop a manufacturing facility in India, create a single-stack AEM electrolyzer, and expand markets in India and Southeast Asia. With the global hydrogen market valued at $262 billion, HYDGEN's technology targets industries like chemicals, glass, steel, mobility, and semiconductors, enabling them to produce green hydrogen on-site at cost parity with grey hydrogen. This move towards decentralized hydrogen production aligns with the rising demand for sustainable energy solutions. The positive sentiment towards HYDGEN's technology is echoed by investors and industry experts, highlighting the potential for scalable and affordable green hydrogen production. HYDGEN's mission to revolutionize the green hydrogen sector by making hydrogen production local, cost-effective, and scalable reflects a new era of energy sustainability in industries.
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