Revolutionizing Green Hydrogen Production
Key Ideas
- Rev1 Ventures announces support for Power to Hydrogen, a leader in green hydrogen production technology.
- Power to Hydrogen secures over $18MM funding for global expansion and technology development.
- The investment will enable Power to Hydrogen to grow its team in the U.S. and Belgium and complete the development of an industrial-scale electrolysis system.
Rev1 Ventures, a venture studio based in Columbus, Ohio, is backing Power to Hydrogen, a company specializing in advanced electrolysis technologies for green hydrogen production. With over $18 million in funding secured, Power to Hydrogen aims to expand the adoption of its innovative technology that enables high current density and high-pressure green hydrogen production while meeting industry durability requirements. The investment will support the company's global expansion through research and development, manufacturing, sales, and marketing efforts, including the growth of its team in Columbus and the establishment of new offices in Belgium. Additionally, Power to Hydrogen plans to finalize the development of an industrial-scale electrolysis stack and system, which is set to be the largest AEM electrolysis stack installation globally. The CEO of Power to Hydrogen, Paul Matter, expressed excitement about the support provided by Rev1 Ventures and highlighted the importance of strategic services and capital for the company's growth and vision. The partnership with Rev1 Ventures also involves Worthington Enterprises, a key investor since 2022, focusing on innovation in sustainability, smart manufacturing, IoT, and data analytics. The article emphasizes Power to Hydrogen's mission of accelerating the transition to a clean energy economy through its AEM Electrolyzer technology, which converts renewable electricity and water into high-pressure hydrogen using earth-abundant materials.