Estonian firm Stargate Hydrogen has successfully concluded its series A funding round, securing €11m in equity investments to scale up the production of precious metal-free electrolysers. By utilizing a ceramic-based catalyst material in its electrolyser stacks, Stargate aims to significantly reduce the cost of green hydrogen production while maintaining high efficiency. The company's proprietary stack technology enhances reliability and minimizes equipment degradation, ultimately improving the economics of green hydrogen projects. Stargate Hydrogen's innovative approach has been validated by ZSW in Stuttgart and recognized as an 'Important Project of Common European Interest' by the European Commission. The company's collaboration with Fortum, a major Nordic utility company, further underscores the potential of its technology in the green hydrogen market. The funding round, which includes investments from strategic customers in renewable energy and utilities, as well as SmartCap Green Fund, will support Stargate's expansion of manufacturing capacity and internal testing capabilities. CEO Marko Virkebau expressed excitement about the strategic investments, emphasizing the company's commitment to providing technology that enables a significant reduction in the price of green hydrogen. Sille Pettai, CEO of SmartCap, highlighted Stargate Hydrogen's innovative approach and strong unit economics as key factors driving their investment decision. The funding will enable Stargate to establish key partnerships within the global green hydrogen ecosystem, further advancing its position in the market and contributing to the green energy transition.