• Fri. Jun 14th, 2024

Revolutionizing Hydrogen Production: EVOLOH Secures $20 Million in Funding

BySamantha Jones

Mar 27, 2024
EVOLOH, a Clean Technology Startup, Secures $20 Million Funding for Affordable Clean Hydrogen Technology

In a groundbreaking announcement, EVOLOH, a promising cleantech startup, has secured $20 million in funding. Founded in 2020 and based in California, the company is focused on developing innovative solutions for efficient and low-cost clean hydrogen production.

EVOLOH’s platform, Nautilus, leverages cutting-edge liquid alkaline technology to reduce costs and technical risks while utilizing common materials like steel, plastic, and aluminum instead of precious metals or rare earth materials. By doing so, the company aims to make hydrogen production more accessible and affordable for businesses and consumers alike.

With this newfound funding, EVOLOH plans to enhance its manufacturing technology and introduce new features for its Nautilus solution. Dr. Jimmy Rojas, the founder and CEO of EVOLOH, believes that this round of funding will position his company as a leader in electrolyzer manufacturing by producing cost-effective and efficient hardware using local supply chains.

The investment was led by Engine Ventures with participation from NextEra Energy Resources and 3M Ventures. Katie Rae, CEO and Managing Partner at Engine Ventures, sees EVOLOH as having significant potential to revolutionize electrolyzer technology and manufacturing processes within the cleantech sector. She praises the company’s founding team and early partnerships as valuable additions to Engine Ventures’ portfolio of cleantech and advanced manufacturing companies.

In an industry that is rapidly evolving towards cleaner energy sources, EVOLOH is well positioned to play a vital role in shaping the future of hydrogen production with its innovative approach to manufacturing high-performance electrolyzer stacks using local supply chains.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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