Power to Hydrogen (P2H2) has successfully closed its Series A funding round, raising over $18 million.
This investment will scale its AEM electrolysis technology, which produces high pressure, high current density hydrogen using cost-effective, durable materials.
Led by Rev1 Ventures and Worthington Enterprises, the round also included investors like F Finindus, JERA, Asahi Kasei, American Electric Power, EDP Ventures, E.ON, ESB, FH Capital, INP Capital, and others.
P2H2 plans to expand its team, grow its manufacturing and supply chain, and launch an industrial-scale electrolyzer in Belgium at the Port of Antwerp later this year.
