Electric Hydrogen Series B — 100MW-scale PEM electrolyzers for industrial green H2 (steel, ammonia, freight)
Electric Hydrogen $198M Series B led by Fifth Wall Climate Tech. Founded by ex-First Solar/Tesla execs. Building 100MW-scale PEM electrolyzers for industrial green hydrogen (steel, ammonia, freight). One of largest hydrogen scale-up rounds of 2022.
$198M
Deal Value
Hydrogen & Fuel Cells
Technology
MA
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Electric Hydrogen
- Buyer / Financier
- Fifth Wall Climate Tech (lead); S2G Ventures, Silicon Valley Bank, Trinity Capital, Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell Ventures, Mitsubishi Heavy Industries, Rio Tinto, BEV, Capricorn, Energy Impact Partners, Prelude Ventures
- Deal Value
- $198M (Series B + venture debt)
- Stage
- Growth
- ISO/RTO
- ISO-NE
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