Ecolectro, a pioneer in green hydrogen technology, has recently closed a $10.5M Series A funding round led by Toyota Ventures, aiming to accelerate the development and deployment of their Anion Exchange Membrane (AEM) electrolyzers. This funding, supported by various investors, including the U.S. Department of Energy, will drive Ecolectro's mission to provide affordable and scalable solutions for reducing carbon emissions through green hydrogen. The company's breakthrough AEM technology eliminates the need for rare and expensive materials, as well as harmful chemicals, offering an efficient and sustainable path for hydrogen production. By enabling on-site hydrogen generation, Ecolectro reduces costs associated with transportation and storage, making green hydrogen more accessible and environmentally friendly. Their electrolyzers are designed for flexibility and integration with renewable energy sources, catering to industries seeking reliable and continuous hydrogen production. The successful deployment with Liberty New York Gas in Massena, New York, has demonstrated the viability of Ecolectro's technology, showcasing the potential to produce green hydrogen at a competitive cost of under $2.50/kg. With plans to scale up their projects and drive costs even lower in the near future, Ecolectro aims to revolutionize the green hydrogen industry and contribute to decarbonizing various sectors.