€42M funding fuels Stargate Hydrogen's green energy advancements

Stargate Hydrogen has developed wtardust, a catalyst that uses ceramic materials in alkaline electrolysers to supercharge electrolysis efficiency while dramatically reducing capital costs.
€42M funding fuels Stargate Hydrogen's green energy advancements

Estonian green hydrogen company announces the successful completion of its seed funding round, raising €42 million. 

The financing round is led by an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies but also includes other investors and grants. 

Stargate Hydrogen’s technology is fundamentally different from other electrolysers in terms of both materials and the development approach used, allowing to bring down the cost of green hydrogen to €1 per kilogram.

Stargate complements reliable and robust alkaline technology with a new form of catalyst material that is inherently more active compared to alternatives available on the market today.

Instead of precious metals, it uses ceramic-based catalyst material that significantly contributes to the reduction in levelised cost of hydrogen, without renouncing the reliability of alkaline technology. 

Additionally, Stargate has developed its proprietary stack and system design, using a development approach that considers electrolyser as a battery system, thereby adopting the learnings from the rapid developmental cycles of lithium-ion batteries over the past 15 years.

The IP portfolio of Stargate covers all the levels of the system, including materials, electrodes, stack and even control systems of the whole plant. 

The first installations of Stargate´s electrolyzer technology are already on the field, and offtake customers include Utilitas, one of the largest renewable energy developers in the Baltic Sea region. 

Stargate Hydrogen also announces the appointment of Taavi Madiberk, the founder and CEO of Skeleton Technologies, manufacturer of graphene-based supercapacitors, as the company's Non-Executive Chairman.

According to Marko Virkebau, CEO of Stargate Hydrogen:

"Taavi Madiberk’s proven leadership in driving deep-tech advancements will be instrumental in guiding Stargate Hydrogen through its next phase of organisational and manufacturing scale-up."

As the global demand for clean, sustainable energy solutions continues to escalate, Stargate Hydrogen remains committed to decarbonising the industry by enabling the switch from grey to green hydrogen. The €42 million in funding is designated for scaling its patented electrolyser technology. 

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