Stargate Hydrogen, a Tallinn-based company, has successfully concluded its Series A funding round, securing €11M in equity investments. The round attracted investments from strategic customers with experience in renewable energy, such as Giga and UG Investments, as well as SmartCap Green Fund, a state-backed venture capital fund. Sille Pettai, CEO of SmartCap, praised Stargate Hydrogen for its innovative approach to green hydrogen production and strong unit economics, highlighting the importance of funding manufacturing of green technologies for the green transition. Stargate Hydrogen focuses on developing next-generation green hydrogen electrolysers to drive down costs through higher efficiency. By utilizing ceramic-based catalyst material and proprietary stack technology, the company aims to enhance the reliability of hydrogen production and improve unit economics for project developers. The technology has already been validated by ZSW in Stuttgart and recognized by the European Commission. The funding will enable Stargate Hydrogen to expand its manufacturing capacity, enhance testing capabilities, and establish partnerships in the global green hydrogen sector. Marko Virkebau, the CEO, expressed excitement over the investment, emphasizing the company's focus on unique technology to navigate the green hydrogen market successfully. SmartCap, Estonia's venture capital fund manager, operates the SmartCap Green Fund, which specifically targets high-growth potential green technology companies. By supporting companies like Stargate Hydrogen, SmartCap aims to strengthen Estonia's venture capital market and align investments with the country's strategic and environmental goals.