• Mon. May 20th, 2024

Revolutionizing Hydrogen Production: EVOLOH Secures $20 Million in Funding for Efficient Electrolyzer Stacks

BySamantha Nguyen

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

EVOLOH, a California-based cleantech startup, has secured $20 million in funding to further develop its innovative solution for efficient and low-cost clean hydrogen production. Founded in 2020, the company specializes in manufacturing high-performance electrolyzer stacks that are essential components of hydrogen production.

EVOLOH’s platform, Nautilus, uses liquid alkaline technology to reduce costs and technical risks. The company aims to make hydrogen production more affordable by utilizing common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials. With this new funding round, EVOLOH intends to enhance its manufacturing technology and introduce new features for its Nautilus solution.

Dr. Jimmy Rojas, the founder and CEO of EVOLOH, believes that this funding 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 Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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