Vema Hydrogen has successfully raised $13 million in an oversubscribed seed round, with Extantia Capital and Propeller Ventures leading the funding. Additional support came from Zero Carbon Capital, Pace Ventures, and Grantham Foundation. This investment will drive the development of North America's first full-scale SGH pilot wells, showcasing the commercial viability of this groundbreaking technology. Unlike traditional methods like electrolysis or steam methane reforming, SGH leverages naturally occurring underground reactions to produce hydrogen with minimal environmental impact. The process involves injecting a brine solution enriched with catalysts into shallow geological formations, generating hydrogen by reacting with iron-bearing minerals. This hydrogen can be used for electricity generation, heating, or as a feedstock for green chemicals and fuels. Vema's approach to hydrogen production stands out for its precision and scalability, offering control over flow rates, gas composition, and geographic expansion. This innovation is crucial in the context of the growing global demand for hydrogen, which is expected to reach nearly 600 million tonnes annually by 2050, creating a $1.4 trillion market. The CEO of Vema Hydrogen, Pierre Levin, emphasizes the need for cost-competitive clean hydrogen production to meet the rising demand and facilitate the energy transition. The company aims to provide a scalable, low-carbon alternative that surpasses existing methods in terms of efficiency and cost-effectiveness. With a focus on launching its North American pilot wells, Vema is committed to proving the commercial viability of SGH and establishing itself as a frontrunner in the clean hydrogen economy. In the face of global decarbonization efforts, Vema's innovative approach to hydrogen production could play a critical role in steering the world towards a sustainable, hydrogen-powered future.