H2scan Gets $70M
Summary
The company said the funding came from UK-based LetterOne, and South Korea-based GS Energy. The company aid the funding will go towards expanding manufacturing, capabilities, and for additional sales offices and marketing, plus R&D. H2Scan says its sensors are used to used to improve electrical distribution reliability and are used for monitoring and measuring hydrogen concentration in fuel cells, hydrolyzers, hydrogen distribution pipelines. The companys President, CEO, and founder is Dennis Reid. The company was advied by Guggenheim Securities LLC in the deal.
Classifications
industries
No industries detected
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected