Vema's Innovative Hydrogen Technology Secures $13M in Seed Funding
Key Ideas
  • Vema Hydrogen secures $13M in seed funding for SGH pilot wells development in North America.
  • The company's Stimulated Geologic Hydrogen technology utilizes natural reactions to produce clean hydrogen underground.
  • Vema's approach reduces logistical challenges and costs associated with traditional exploration techniques.
  • The technology offers precise control over gas composition and flow rates, making it an economically attractive hydrogen source.
Vema Hydrogen has successfully raised $13 million in seed funding co-led by Extantia Capital and Propeller Ventures, with participation from other investors. The company, founded by Florian Osselin and Pierre Levin at Marble venture studio, is focused on developing full-scale SGH pilot wells in North America. Their innovative technology, Stimulated Geologic Hydrogen, leverages natural reactions in shallow geological formations to produce hydrogen underground. By injecting a brine solution with catalysts, hydrogen is generated through reactions with iron-bearing minerals. This hydrogen can then be utilized for electricity generation, heating, or in the production of green chemicals and fuels. Vema's SGH method targets specific locations, eliminating the uncertainties of exploration and offering better control over gas production, composition, and flow rates. This approach not only ensures scalability but also enhances the economic viability of hydrogen production. Overall, Vema's funding success and groundbreaking technology indicate a positive outlook for the future of clean hydrogen energy.
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