Stargate Hydrogen Secures €11M to Revolutionize Green Hydrogen Production
Key Ideas
  • Stargate Hydrogen, based in Tallinn, Estonia, raised €11M in Series A funding to enhance green hydrogen production.
  • The funding will be used to expand manufacturing capacity, improve testing capabilities, and form strategic partnerships.
  • CEO Marko Virkebau leads the company, which focuses on reliable hydrogen production and economic efficiency.
  • Stargate's technology has been validated by ZSW in Stuttgart, and its customers include Fortum, Utilitas, and ABB.
Stargate Hydrogen, a company based in Tallinn, Estonia, has successfully secured €11M in Series A funding to further its mission of revolutionizing green hydrogen production. The investment round involved backers such as Giga, UG Investments, and SmartCap Green Fund, pushing the total capital raised to $50M. With this funding, Stargate aims to scale up its manufacturing capacity, enhance internal testing capabilities, and establish strategic partnerships within the global green hydrogen sector. Led by CEO Marko Virkebau, Stargate has developed innovative stack technology that prioritizes the reliability of hydrogen production and aims to minimize equipment degradation, ultimately improving the economic feasibility of its products and increasing returns on investments for green hydrogen projects. The company's stack performance has received validation from ZSW in Stuttgart, a renowned electrolysis equipment test center in Europe. Noteworthy customers of Stargate include Fortum, Utilitas, and ABB. This funding round signifies a significant step forward for Stargate Hydrogen in its mission to drive advancements in the green hydrogen industry.
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