1s1 Energy secures $1.4M Seed funding for green hydrogen production

Green hydrogen production tech company 1s1 Energy today announced the successful completion of a $1.4 million Seed funding round.

Founded in 2019 by Daniel Sobek, Sukanta Bhattacharyya, Thiago Figueiredo and Prof. T  Don Tilley, 1s1 Energy aims to make green hydrogen an affordable, efficient, and scalable solution for industries that are critical to decarbonisation.

1s1 Energy is transforming green hydrogen production by pioneering a novel approach to electrolyser technology. Utilising breakthrough boron-based materials, the company's electrolysers deliver higher efficiency and enhanced durability, providing cost-effectiveness. 

These advancements enable 1s1 Energy to create more compact and efficient systems, positioning green hydrogen as a scalable solution for industries like steel production, central to global decarbonisation efforts.

The company also announced the initiation of a $2.3 million electrolysis stack project in collaboration with CEEE-G (Companhia Estadual de Geração e Transmissão de Energia Elétrica) as part of Brazil's Aneel P&D program. This project also involves the support of CSN (Companhia Siderúrgica Nacional), Brazil's largest steel producer. 

"We've taken PEM (Proton Exchange Membrane) technology to a new level by introducing our boron-based materials. This innovation has allowed us to rethink electrochemical components to optimise the electrochemical cell's performance," said Daniel Sobek, CEO of 1s1 Energy. 

"With this latest funding and our collaboration in the P&D Aneel project, we're one step closer to making green hydrogen a practical solution for decarbonising heavy industries."

Faber Ventures and Asiri LLC led the funding, with participation from Rumbo Ventures, City Light, and Gibson Lane GmbH, which will drive 1s1 Energy's mission to make affordable green hydrogen available for decarbonising hard-to-abate industries through its innovative electrochemical cell technology. 

"We're proud to support 1s1 Energy in its mission to decarbonise industries that are traditionally hard to abate," said Carlos Esteban, Partner at Faber Ventures. 

"Their novel approach to green hydrogen production holds immense potential to drive impactful change, and we're thrilled to be part of their journey."

The funds will help scale the company's R&D operations, expand its team, and further demonstrate its technology capabilities. This effort includes the development of second-generation electrolysers designed to operate at higher temperatures, enhancing efficiency.

Lead image: 1s1 Energy co-founders: Thiago Figueiredo, Chief Business Officer; Daniel Sobek, Ph.D, CEO; Sukanta Bhattacharyya, Ph.D,, CTO; and Nicolas Kusserow, Chief of Staff. Photo: uncredited.