• Wed. May 29th, 2024

Revolutionizing Hydrogen Production: Evoloh Raises $20 Million in Funding for its Innovative Electrolyzer Stacks

BySamantha Jones

Mar 27, 2024
EVOLOH, a Clean Technology Startup, Secures $20 Million Funding for Affordable Clean Hydrogen Technology

EVOLOH, a promising cleantech startup, has announced that it has raised $20 million in funding. Founded in 2020 and based in California, EVOLOH specializes in the production of high-performance electrolyzer stacks, which are vital components of hydrogen production. The company’s innovative platform, Nautilus, utilizes liquid alkaline technology to reduce costs and technical risks while making use of common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials. By doing so, EVOLOH aims to make hydrogen production more affordable.

With the new funding, EVOLOH plans to further develop its cutting-edge solution for efficient and low-cost clean hydrogen production. The company intends to enhance its manufacturing technology and introduce new features for its Nautilus solution. According to Dr. Jimmy Rojas, the founder and CEO of EVOLOH, this funding round will position the company as a leader in electrolyzer manufacturing by producing cost-effective and efficient hardware using local supply chains.

The funding was led by Engine Ventures, with participation from investors such as NextEra Energy Resources and 3M Ventures. Katie Rae, the CEO and Managing Partner at Engine Ventures, sees EVOLOH as having significant potential to revolutionize electrolyzer technology and manufacturing processes within the cleantech sector. She praises the company’s founding team and early partnerships, indicating that EVOLOH is a valuable addition to Engine Ventures’ portfolio of cleantech and advanced manufacturing companies.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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