Calicat, formerly known as H2U Technologies, based in Chatsworth, California, has closed a $3M Series A-2 funding round, with a total of $18M raised. The funding round saw participation from existing investors like Volo Earth Ventures and new investors like Acario Innovation and MOL Switch. The company is focusing on advancing materials for electrolysis, particularly in PEM electrolysis cells for Green Hydrogen production. By utilizing a proprietary set of AI models and physical testing methods, Calicat accelerates electrocatalyst discovery, which historically would have taken years. This approach addresses the constraint of Iridium mining in Green Hydrogen production by developing non-Iridium catalysts. Through partnerships with industry players like SoCal Gas and Tokyo Gas, Calicat is already making a significant impact on the minerals-constrained industry. CEO Jourdan Urbach, a former investor turned CEO, is leading the company's efforts to lower the levelized cost of Hydrogen by commercializing R&D efforts into products that benefit electrolyzer OEMs, producers, and operators. Calicat's focus on lowering OpEx and enabling greater CapEx amortization through innovative materials and AI-driven processes highlights their commitment to revolutionizing the Green Hydrogen industry and making it more cost-effective. The company's vision is not only to solve materials challenges but also to positively impact the entire industry by bringing products to market that reduce Green Hydrogen cost immediately.