• Sun. May 26th, 2024

Revolutionizing Hydrogen Production: EVOLOH Raises $20 Million in Funding for Innovative Electrolyzer Manufacturing Platform

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 successfully raised $20 million in funding to further develop its innovative solution for efficient and low-cost clean hydrogen production. The company’s manufacturing platform, Nautilus, utilizes liquid alkaline technology to reduce costs and technical risks. By using common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials, EVOLOH aims to make hydrogen production more affordable.

The new funding will allow EVOLOH 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 round will position the company as a leader in electrolyzer manufacturing by producing cost-effective and efficient hardware using local supply chains.

Engine Ventures led the funding round 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 newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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