HYDGEN's AEM Electrolyzer System Revolutionizing Green Hydrogen Production in Asia
Key Ideas
- HYDGEN closes a successful seed funding round of close to SGD 2 million, led by Cloudberry Pioneer Investments, to accelerate on-site green hydrogen production for industries.
- The AEM electrolyzers developed by HYDGEN offer lower cost, higher efficiency, operational flexibility, and a compact, modular design, breaking barriers to green hydrogen production.
- Funds will be used to scale up production with a 2 MW capacity manufacturing facility in India, develop a 25 kW single-stack AEM electrolyzer, and expand markets in India and Southeast Asia.
- The shift towards decentralized green hydrogen production by HYDGEN is set to tap into a $43 billion market opportunity by 2030, providing cost-effective and reliable solutions for industries in APAC.
HYDGEN, a leading innovator in decentralized green hydrogen production based in Singapore, has successfully closed a seed funding round of nearly SGD 2 million, supported by investors like Cloudberry Pioneer Investments and the National University of Singapore. The company's breakthrough lies in their AEM electrolyzers, which offer a more cost-effective and scalable solution compared to traditional PEM and alkaline electrolyzers. HYDGEN's technology, rooted in deep-tech innovation, aims to empower industries to produce green hydrogen on-site at competitive prices. By eliminating reliance on centralized supply chains and costly precious metals, HYDGEN opens the door for small to mid-sized industries to adopt green hydrogen production. The investment will drive the development of a manufacturing facility in India, a new AEM electrolyzer model, and market expansion in India and Southeast Asia. This move aligns with the growing demand for decentralized green hydrogen solutions in APAC, where industries face challenges in sourcing hydrogen from centralized suppliers. HYDGEN's mission to make green hydrogen production local, cost-effective, and scalable is poised to revolutionize the industry and create a more sustainable energy future.
Topics
Electrolyzer
Renewable Energy
Technology
Innovation
Investment
Green Energy
Market Expansion
Industrial Solutions
Decentralized Production
Latest News