Wednesday 3 August 2022

Aurora Hydrogen raises $10m to develop emission-free, low cost technology

Aurora Hydrogen has raised $10 million (£8.2m) of investment to support the development of emission-free and low cost hydrogen production technology.

The funding round was led by Energy Innovation Capital, with participating investors including Williams, Shell Ventures, Chevron Technology Ventures and the George Kaiser Family Foundation.

The latest investment adds to additional funding from the Natural Sciences and Engineering Research Council of Canada (NSERC) secured earlier this year.

Aurora Hydrogen claims its technology has the potential to significantly reduce carbon emissions by more than 900 million tonnes per year and adds it uses 80% less electricity than electrolysis, the conventional method of producing clean hydrogen.

The recent funding will be used to build and operate a 200kg hydrogen per day demonstration plant for field trials in Edmonton, Canada.

The company is scaling its proprietary technology to produce hydrogen and solid carbon without generating carbon emissions or consuming water and can supply a broad range of applications, from distributed fuelling to hydrogen injection and industrial processes.

Andrew Gillis, CEO, Aurora Hydrogen said: “At Aurora, we are producing low cost hydrogen at the point of use, at the exact scale required and without generating any CO2.

“We use existing energy pipelines and distribution systems to move the energy, then produce hydrogen where it's needed, eliminating the need for any new costly hydrogen transportation infrastructure.”