Revolutionizing Hydrogen Production: EVOLOH Secures $20 Million in Funding

EVOLOH, a Cleantech Startup, Secures $20 Million in Funding for Affordable Clean Hydrogen Technology.

EVOLOH, a cutting-edge cleantech startup, has secured $20 million in funding to further develop its solution for efficient and cost-effective clean hydrogen production. Founded in 2020 and based in California, the company specializes in manufacturing high-performance electrolyzer stacks that utilize liquid alkaline technology to minimize costs and technical risks. With the new capital raised, EVOLOH plans to expand its manufacturing capabilities and enhance the performance of its Nautilus solution.

Dr. Jimmy Rojas, founder and CEO of EVOLOH, expressed his excitement about the funding, stating that it positions the company as a leader in the electrolyzer manufacturing market. He highlighted the goal of transforming electrolyzer stacks into affordable and efficient hardware commodities using 100% local supply chains. The company claims that its manufacturing facility will reduce capital investment and footprint by 80%.

The funding round was led by Engine Ventures, with additional investment from NextEra Energy Resources and 3M Ventures. Katie Rae, CEO and Managing Partner at Engine Ventures, praised EVOLOH for their opportunity to commercialize better and more affordable electrolyzers, as well as introducing a faster and more sustainable manufacturing platform. She noted the impressive founding team and early partnership activities of EVOLOH, making them a valuable addition to the Engine Ventures portfolio of cleantech and advanced manufacturing companies.

EVOLOH’s Nautilus platform utilizes common materials like steel, plastic, and aluminum instead of precious or rare earth materials to minimize costs and technical risks while maintaining high performance levels. The company’s unique approach to hydrogen production is poised to revolutionize the industry by making it more accessible and affordable for businesses worldwide.

With this newfound support from investors like Engine Ventures, NextEra Energy Resources, and 3M Ventures, EVOLOH is well on its way to achieving its mission of transforming hydrogen production into an economically viable solution for a wide range of industries. As demand for clean energy continues to grow exponentially across global markets, companies like EVOLOH are crucial in driving innovation forward towards a more sustainable future.

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