Revolutionizing Clean Energy: EVOLOH’s $20 Million Funding Round Brings Affordable Hydrogen Production to Market

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

EVOLOH, a California-based cleantech startup, recently announced that it has raised $20 million in funding. The company plans to use the proceeds to further develop its solution for efficient and low-cost clean hydrogen production.

EVOLOH specializes in manufacturing high-performance electrolyzer stacks for hydrogen production using liquid alkaline technology. Their platform, Nautilus, utilizes common materials like steel, plastic, and aluminum instead of precious or rare earth materials to minimize costs and technical risks. The company claims that their manufacturing facility will reduce capital investment and footprint by 80%.

With the new capital raised, EVOLOH is planning to expand its manufacturing technology and enhance the capabilities of its Nautilus solution. Dr. Jimmy Rojas, the 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 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.

In summary, EVOLOH’s recent announcement of raising $20 million in funding will allow them to expand their manufacturing technology and enhance their Nautilus solution for clean hydrogen production while transforming electrolyzer stacks into affordable hardware commodities using local supply chains.

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