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Pre-seed funding of more than £1m will go towards developing Clyde Hydrogens technology
Scottish start-up Clyde Hydrogen Systems has announced the successful closure of its pre-seed funding round totalling over £1m in equity and grants.
Clyde Hydrogen’s decoupled electrolyser technology delivers high pressure green hydrogen safely at scale and at low cost, according to the company.
This has the potential to match renewable energy with hydrogen production in a more productive way than currently possible – solving one of the industry’s biggest challenges to date, it added.
The pre-seed funding will be instrumental in expanding the company’s R&D team, accelerating technology development, and forging strategic partnerships within the energy sector.
The funding is supported by Zinc, the University of Glasgow and several strategic angel investors.
The company’s collaboration with the University of Glasgow provides Clyde Hydrogen access to research facilities and expertise in renewable energy technologies, Clyde said.
Zinc’s involvement brings strategic investment acumen and an established network of industry connections, it added.
Clyde Hydrogen chairman Jos Trehern said: "This funding is not just a financial boost but a validation of our vision to make green hydrogen accessible and cost effective.
"With the support of Zinc, the University of Glasgow and angel investors, we are poised to accelerate our research and development efforts and bring our innovative solutions to market."
Zinc co-founder and chief executive Paul Kirby added: "At Zinc, we believe in the importance of investing in deep science innovation to solve our most pressing environmental issues.
"Clyde Hydrogen represents exactly the kind of disruptive technology we look to support — one that has the potential to revolutionise the energy landscape and reduce reliance on fossil fuels.
"We are excited to be part of the team at Clyde Hydrogen on its journey to impact." |
