Honeywell announced that Honeywell Ventures, its venture arm that invests in early-stage, high-growth companies that have emerging and disruptive technologies, has contributed to Electric Hydrogen’s Series B round financing. Honeywell joins a select group of investors and banks to bring the total funding for the round to $198M.
Electric Hydrogen (EH2) is developing a new generation of electrolyzer technologies to split water into hydrogen and oxygen, which when powered by renewable energy like wind and solar, creates green hydrogen. The funding will support the scale-up of EH2’s high throughput electrolyzer and manufacturing technology and the deployment of pilot projects at a large scale for industrial and infrastructure applications. Honeywell’s investment and increased collaboration with Electric Hydrogen allow Honeywell to better understand and support the needs of the…
Honeywell Invests in Development of Electric Hydrogen Tech to Speed Cost-Effective
