H2Pro News
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/PRNewswire/ -- Latvenergo, Latvia's national electricity company, and H2Pro, an Israeli innovator in green hydrogen production, have signed a Memorandum of...
H2Pro to sell hydrogen to Japanese giant Sumitomo in deal estimated at $250 million | CTech
Israeli company H2Pro has signed a strategic agreement with Japanese corporation Sumitomo to build hydrogen production facilities with a capacity of up to 500 megawatts. The agreement is valued at $250 million until the end of the decade. H2Pro develops innovative technology for green hydrogen production, and the agreement with Sumitomo is a significant step towards the companys growth. The companys investors include Bill Gates and the Temasek fund. Talmon Marco, the entrepreneur behind H2Pro, previously founded Viber and Juno.
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Brazil's CSN investing in Israeli hydrogen startup
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has invested in Israeli startup H2Pro through its investment arm, CSN Ventures. H2Pro aims to produce hydrogen on a large scale, which could replace the coal CSN uses in steel production and help reduce its CO2 emissions. The investment was part of a $75 million Series A round that also included Temasek and Breakthrough Ventures. The exact amount invested by CSN was not disclosed.
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Gaia Energy, H2Pro Launch Green Hydrogen Demo Project in Morocco
H2Pro announces and celebrates laying the cornerstone of its first production facility, capable of producing 600MW/year of Green Hydrogen systems
H2Pro celebrates the cornerstone ceremony for its new production facility in Israel. The facility will produce affordable green hydrogen systems based on H2Pros innovative E-TAC technology. The 600 MW facility is the first of its kind in Israel and is expected to create over 100 new jobs. H2Pro aims to develop a water splitting device with 95% efficiency and cost less than any electrolyzer today. The company recently closed a $75 million Series B financing round, bringing total funding to $107 million. H2Pro is backed by leading investors and strategic partners, including Breakthrough Energy Ventures, Temasek, Horizons Ventures, ArcelorMittal, Yara Growth Ventures, Hyundai, Sumitomo Corporation, and New Fortress Energy.
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ArcelorMittal makes US$5 million investment in H2Pro via XCarb™ innovation fund
ArcelorMittal has made a $5 million investment in H2Pro through its XCarb™ innovation fund. H2Pro is developing a disruptive way of producing hydrogen from water using its E-TAC technology. The investment is part of a $75 million Series B fundraise by H2Pro, with other investors including Temasek, Horizons Ventures, Breakthrough Energy Ventures, and Yara. ArcelorMittal aims to support the development of green hydrogen technology for the steelmaking process. H2Pro is targeting producing hydrogen at a cost of under $2/kg by 2023 and under $1/kg by 2030. This investment is the fifth made by ArcelorMittal through its XCarb™ innovation fund.
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H2Pro raises $22 million for hydrogen - Green Hydrogen News
Hydrogen technology company H2Pro has raised $22 million in a series A2 financing round. The round was led by Breakthrough Energy Ventures, Breakthrough Energy Ventures Europe and IN Venture, Sumitomo Corporation CVC. Existing investors iAngels, TPY Capital, Contrarian Ventures and Bazan, as well as new investors Horizons Ventures, New Fortress Energy and OurCrowd also participated. H2Pro is developing a water splitting device that is expected to reach 95% efficiency and operate at higher pressure. The funds will be used to support ongoing development of the technology and scale up H2Pro’s manufacturing capabilities.
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Israeli green hydrogen co H2Pro raises $22m
Israeli green hydrogen production company H2Pro has closed a $22 million Series A2 financing round led by Breakthrough Energy Ventures (BEV), IN Venture, and Sumitomo Corp. The company is developing a water splitting device with 95% efficiency, aiming to reduce the cost of renewable energy and produce green hydrogen at scale. The funds raised will be used to support technology development and manufacturing scale-up.
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Bill Gates joins $22 million round for Israeli startup H2Pro as its seeks to produce cheap, green hydrogen at scale
H2Pro, an Israel-based company, has secured $22 million in funding from investors including Bill Gates, Li Ka-shing, Sumitomo, and Hyundai. The funds will be used to transition the companys technology from laboratory prototyping to commercial scale production of electrolysers. H2Pros technology involves a two-step process to produce green hydrogen, a potential carbon-free fuel source. The company aims to produce green hydrogen for $1 a kilogram by the second half of the decade, significantly undercutting current market prices. H2Pro plans to have its first factory in Israel operational by 2023.
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Li Ka-shing backed Israeli start-up joins race to make hydrogen cheaper
Israeli start-up H2Pro has raised US$22 million in investment from Tycoon Li Ka-shing. The funding will be used to scale up H2Pros technology from the lab to the factory floor. H2Pro aims to produce green hydrogen for US$1 per kg by the second half of this decade by modifying the current methodology.
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Israeli hydrogen startup wins Shell energy competition
Israeli startup H2Pro has developed the E-TAC system, which generates hydrogen and oxygen in separate processes, reducing costs significantly. The system improves energy efficiency, safety, and reduces the cost of building the system. H2Pro aims to bring down the price of hydrogen to $2 per kilogram by 2023. The technology was invented at the Technion - Israel Institute of Technology and the company has received support from Hyundai, Sumitomo, Bazan, Israels Ministry of Energy, and the European Commission. H2Pro was named the best company in the scale-up track by Royal Dutch Shell.
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New Fortress Energy Invests in Green Hydrogen Production Technology Company H2Pro
Smart Energy Fund invests in H2Pro's green hydrogen innovation - Power Engineering International
Smart Energy Fund, powered by Ignitis Group and managed by Contrarian Ventures, has invested in H2Pro, an Israel-based company that develops innovative and green hydrogen production technology. The investment amount is 252k euros ($175k). H2Pros technology yields 30% more hydrogen than traditional electrolysis per kWh. The company aims to bring the cost of renewable hydrogen production to fossil fuel-derived levels in the next 5 years. The investment is expected to contribute to reducing air pollution and dependence on fossil fuels globally. The partnership between Smart Energy Fund and H2Pro will support the development of sustainable hydrogen production at scale.
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Israeli breakthrough could turn hydrogen into the fuel of future
A new technology developed by researchers from the Technion-Israel Institute of Technology in collaboration with the team that founded the popular Israeli-made phone app Viber promises to put hydrogen back on the grid. H2Pro, a company spun off from the Technion, has raised $5 million in investment, including from Hyundai. The technology, called E-TAC, is 98.7% efficient and could reduce the cost of producing hydrogen by 50%. If successful, hydrogen could become an ideal energy carrier for a decarbonized world.
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