Startups tied to the planet’s lightest element are seeing some heavy funding lately.
Over the past four months, developers of technology to produce and distribute low-emission hydrogen have raised more than $1 billion in venture investment, per Crunchbase data. That’s already more than two-thirds the total raised in all of last year.
The tally includes multiple extra-large early-stage rounds. The latest was last week’s Series B for Hysata, which picked up $110 million in a financing co-led by BP Ventures and Templewater.
The Australia-based company is one of several recently funded startups working on electrolyzers, devices that use electricity to split water into hydrogen and oxygen.
A few months earlier, Denver-based Koloma, which focuses on identifying and commercializing geologic hydrogen resources, closed on the largest early-stage round for the space, landing $246 million in a Series B led by Khosla Ventures.
Read more on https://news.crunchbase.com/clean-tech-and-energy/hydrogen-energy-venture-funding-hysata/
