Vema Hydrogen Secures $13M for SGH Pilot Wells Development in North America
Key Ideas
- Vema Hydrogen, based in Wilmington, DE, raised $13M in Seed funding to develop full-scale SGH pilot wells in North America.
- The company's Stimulated Geologic Hydrogen technology utilizes natural reactions to produce hydrogen underground for clean energy applications.
- Vema's SGH method reduces exploration uncertainties, offers precise gas control, and presents an economically attractive alternative in the hydrogen production sector.
- Investors like Extantia Capital and Propeller Ventures are supporting Vema's innovative approach to providing a reliable and affordable source of hydrogen.
Vema Hydrogen, a company based in Wilmington, Delaware, recently announced a successful $13M Seed funding round to further their development of Stimulated Geologic Hydrogen (SGH) technology. This funding, co-led by Extantia Capital and Propeller Ventures, with contributions from Zero Carbon Capital, Pace Ventures, and Grantham Foundation, will be instrumental in establishing the first clusters of full-scale SGH pilot wells in North America.
Founded by Florian Osselin and Pierre Levin, Vema focuses on harnessing naturally occurring reactions underground to produce hydrogen. Their innovative approach involves injecting a brine solution containing catalysts into shallow geological formations, where it reacts with minerals to generate hydrogen. This hydrogen can then be utilized for electricity generation, heating, or as green chemicals and fuel.
Vema's SGH technology not only ensures a clean and reliable source of hydrogen but also addresses logistical challenges and cost issues associated with traditional exploration methods. By enabling hydrogen production in specific locations and offering control over gas composition, Vema's approach presents a scalable and economically viable solution for the industry.
The positive sentiment towards Vema Hydrogen is evident in the support from investors and the company's focus on sustainable and affordable hydrogen production. With an emphasis on innovation and clean energy, Vema's SGH technology signifies a promising step towards a greener and more efficient future in the hydrogen sector.