What is H2Pro?
Founded in 2019 and based in Caesarea, Israel, H2Pro is at the forefront of green hydrogen production with its proprietary E-TAC (Electrochemical - Thermally Activated Chemical) method. This revolutionary technology achieves over 95% efficiency in splitting water to produce hydrogen, offering a safe, cost-competitive alternative to fossil-fuel hydrogen. Unlike traditional electrolysis, H2Pro's E-TAC system separates hydrogen and oxygen production steps, eliminating the need for costly membranes and significantly reducing power consumption. The technology is a product of extensive research by the founding team at the Technion, Israel Institute of Technology.
How much funding has H2Pro raised?
H2Pro has raised a total of $107.2M across 3 funding rounds:
Series A
$10.2M
Other Financing Round
$22M
Series B
$75M
Series A (2020): $10.2M with participation from IN Venture
Other Financing Round (2021): $22M led by Li Ka Shing Foundation, Sumitomo, Bill Gates, and Hyundai Motor Company
Series B (2022): $75M supported by Breakthrough Energy Ventures, ArcelorMittal, Horizons Ventures, Yara, and Temasek
Key Investors in H2Pro
Breakthrough Energy Ventures
Breakthrough Energy Ventures is a prominent investment firm dedicated to backing cutting-edge companies that drive the world towards net-zero emissions, with a focus on transformative clean energy innovations.
ArcelorMittal
ArcelorMittal is a global leader in steel and mining, developing high-quality, sustainable steel solutions and investing in innovative companies within the energy sector.
Horizons Ventures
Horizons Ventures invests in deep science and technology aimed at advancing humanity, supporting innovative projects with the potential for transformative global change.
What's next for H2Pro?
With a major enterprise-level funding context and a recent strategic investment, H2Pro is poised for significant scaling and technological advancement. The company's focus will likely be on expanding its production capabilities, further optimizing the E-TAC process, and forging new strategic partnerships to accelerate the adoption of green hydrogen. This substantial backing from prominent global investors signals a strong belief in H2Pro's potential to disrupt the energy market and contribute meaningfully to global decarbonization efforts.
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