Hgen, a company dedicated to producing clean hydrogen to decarbonize heavy industry, has successfully closed a $5 million seed financing round. The funding was led by Seven Seven Six, with participation from Founders Fund and Fontinalis Partners. Hgen plans to utilize this capital to expedite the commercial deployment of its alkaline electrolyzer technology at customer sites. Launched in 2021, Hgen's core objective is to address the substantial challenge of decarbonizing industrial processes by generating clean hydrogen through water and electricity using alkaline electrolyzers. These electrolyzers are recognized for their low cost and are optimally positioned to meet clean hydrogen's cost targets. Notably, Hgen has developed an alkaline electrolyzer with a 20 times higher volumetric power density compared to traditional models, resulting in a significantly smaller system that can produce equivalent amounts of hydrogen. This enhanced power density is made possible by Hgen's innovative hydrogen-generating cells, which boast 9% higher efficiency and are 6 times thinner than standard alkaline cells, resulting in a more compact and affordable electrolyzer. With initial support from Breakthrough Energy Fellows, Hgen has successfully transitioned its technology from a laboratory prototype to an industrial-scale demonstration, currently operational at its Hawthorne facility. The company is now shifting its focus towards the widespread deployment of its technology at various customer sites. Hgen's CEO, Molly Yang, emphasized the company's approach to electrolyzer installations, highlighting the avoidance of custom design and on-site construction, which often inflate the costs associated with hydrogen projects. Seven Seven Six's founder, Alexis Ohanian, praised Hgen for assembling a remarkable team with backgrounds from SpaceX and Tesla, known for their rapid development of complex technologies. The funding round was also supported by Seven Seven Six founding partner Katelin Holloway, who expressed excitement about Hgen's commercial progress and the performance of their technology, pledging continued support for their journey.