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FinancingClosedJune 15, 2022

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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