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Canada-based Aurora Hydrogen, an organization creating emission-free hydrogen manufacturing know-how, has raised $10 million in Collection A funding led by Vitality Innovation Capital. Collaborating traders embrace Williams, Shell Ventures, Chevron Know-how Ventures and the George Kaiser Household Basis.
This funding provides to further funding by the Pure Sciences and Engineering Analysis Council of Canada (NSERC) that the staff obtained earlier this yr.
Because the world seems to be to shortly decarbonize transportation and trade, hydrogen demand is predicted to extend quickly, from $130 billion at this time to $2.5 T in 2025, in line with the Hydrogen Council. There’s an accompanying have to develop new low-cost and low-carbon applied sciences for hydrogen manufacturing. Aurora Hydrogen is scaling its proprietary and extremely environment friendly microwave pyrolysis know-how to supply hydrogen and strong carbon from pure fuel with out producing CO2 emissions or consuming water.
Aurora’s know-how is very scalable, with models that may provide a broad vary of functions from distributed fueling to hydrogen injection and industrial processes.
Aurora makes use of 80% much less electrical energy than electrolysis, the traditional technique of manufacturing clear hydrogen, requiring far much less electrical technology capability per kg of hydrogen. And, in contrast to electrolysis, the method doesn’t require water as a feedstock, preserving one other essential and scarce useful resource.
At Aurora, we’re producing low-cost hydrogen on the level of use, on the precise scale required, and with out producing any CO2. We use current vitality pipelines and distribution methods to maneuver the vitality, then produce hydrogen the place it’s wanted, eliminating the necessity for any new pricey hydrogen transportation infrastructure.
—Andrew Gillis, CEO, Aurora Hydrogen
The current funding can be used to construct and function a 200 kg-H2/day demonstration plant for discipline trials in Edmonton, Canada.
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