Power to Hydrogen Raises Over $18M in Series A Funding
Summary
Power to Hydrogen Inc., a Columbus, OH-based company which specializes in advanced electrolysis technologies, raised over $18M in Series A funding. The round was led by Rev1 Ventures and Worthington Enterprises, with participation from global investors, including Finindus, JERA, Asahi Kasei, American Electric Power, EDP Ventures, E.ON, ESB, FH Capital, INP Capital, and others. The company intends to use the funds to grow its U.S.-based team in Columbus, Ohio, expand its manufacturing and supply chain, as well as expand internationally with the launch of new offices in Belgium. Led by Founder and CEO Dr. Paul Matter, Power to Hydrogen aims to accelerate the transition to a clean energy economy. Its AEM (anion exchange membrane) electrolysis enables high current density and high-pressure hydrogen production while meeting industry durability requirements.