Oort Energy, a London, UK-based hydrogen electrolyser developer, raised £5M in Seed funding.
The round was led by Energy Revolution Ventures (ERV) with participation from TRIREC.
The company intends to use the funds to to build the team, set-up its electrolyser stack manufacturing facility and deploy its compliant demonstrator to produce green hydrogen from renewable energy.
Led by Nick van Dijk, CEO, Oort Energy makes hydrogen electrolyser by leveraging patented polymer electrolyte membrane (PEM) electrolyser technology, which drives down green hydrogen production costs. The company’s products aim to produce clean hydrogen gas from water and renewable electricity.
The company has already completed the design of a 250kW stack platform and is preparing for mass manufacture. They are on track to deliver their first fully compliant containerised electrolyser solution to a customer site with commissioning planned for Q3 2023.
FinSMEs
07/06/2023