Supercritical Solutions Secures Funding to Scale Ultra-Efficient Hydrogen Electrolyser Technology
Key Ideas
- Supercritical Solutions secures £14m in Series A funding led by Shell and Toyota to advance its high-efficiency membraneless electrolyser technology.
- The UK-based firm aims to lower hydrogen production costs to under £1/kg by 2030, offering scalable and environmentally friendly solutions.
- CEO Matt Bird highlights the company's differentiated approach in the green hydrogen sector, focusing on innovation and market expansion.
- Battolyser Systems' CEO emphasizes the importance of electrolyser flexibility over efficiency, suggesting a shift in industry focus.
Supercritical Solutions, a UK-based company, has successfully secured £14m ($17.4m) in a Series A funding round led by Shell and Toyota. The funding will be utilized to scale the company's high-efficiency membraneless electrolyser technology, which can produce hydrogen at 42 kWh/kg with over 99% purity. By advancing its electrolysers to the pilot stage and refining technology, manufacturing, and market expansion, Supercritical aims to offer ultra-efficient and environmentally friendly solutions. The company has also launched a waiting list, indicating strong commercial interest in its systems.
CEO Matt Bird expressed confidence in Supercritical's innovative approach, highlighting the goal of lowering hydrogen production costs to under £1/kg by 2030. On the other hand, Battolyser Systems' CEO emphasized the need for flexibility in electrolyser systems over efficiency, suggesting a shift in industry focus. The growing competition in the green hydrogen sector is evident, with companies targeting cost reductions and technological advancements. Overall, the article showcases the positive momentum in the hydrogen industry, driven by innovation, investment, and the pursuit of sustainable solutions.