Vema Hydrogen Secures $13M Funding for Innovative SGH Technology
Key Ideas
  • Vema Hydrogen, a Wilmington-based company, raised $13M in Seed funding to advance its Stimulated Geologic Hydrogen technology.
  • The funding will support the development of the first clusters of full-scale SGH pilot wells in North America.
  • Vema's innovative approach to hydrogen production aims to provide a clean, reliable, and cost-effective source of hydrogen by harnessing naturally occurring reactions underground.
  • The SGH technology offers precise control over gas composition and flow rates, reducing logistical challenges and presenting an economically attractive alternative.
Vema Hydrogen, based in Wilmington, DE, has successfully raised $13 million in Seed funding, co-led by Extantia Capital and Propeller Ventures, with participation from Zero Carbon Capital, Pace Ventures, and Grantham Foundation. The company, founded by Florian Osselin and Pierre Levin at the venture studio Marble, is focused on developing Stimulated Geologic Hydrogen (SGH) technology. This innovative approach involves injecting a brine solution containing catalysts into shallow geological formations to react with iron-bearing minerals and produce hydrogen underground. The extracted hydrogen can then be utilized for various purposes, including generating electricity, heat, or green chemicals and fuel. Vema's SGH method not only eliminates uncertainties associated with traditional exploration techniques but also enables hydrogen production in specific locations, reducing costs and logistical challenges. The technology's ability to control gas composition and flow rates provides scalability and economic viability, making it an attractive option in the renewable energy sector. The company plans to use the newly acquired funds to advance the development of the first full-scale SGH pilot wells in North America. Vema aims to revolutionize hydrogen production with its clean, reliable, and affordable approach, positioning itself as a key player in the green energy transition.
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