Green hydrogen tech startup Supercritical Solutions has raised £14 million Series A, co-led by Shell Ventures B.V. (“Shell”) and Toyota Ventures.
Founded in 2020, Supercritical aims to dramatically reduce the cost of green hydrogen and catalyse a sustainable future where renewable energy solutions, like its pioneering electrolyser technology, are mainstream and financially viable without subsidies.
The creator of the world’s first high-pressure, ultra-efficient electrolyser, it delivers hydrogen and oxygen at pressures exceeding 220 bar, achieving full system efficiencies with as little as 42kWh/kgH2 with 99 per cent purity.
Its approach dramatically reduces operational costs and overcomes key industry challenges, offering scalable solutions without the use of forever chemicals (PFAS), membranes, iridium, and rare earth metals.
By offering scalable, PFAS-free, membrane-free, and iridium-free solutions, Supercritical aims to lower hydrogen production costs to under £1/kgH2 within this decade, driving the shift from grey to green energy across industries.
The funding round saw follow-on investment from seed investors Lowercarbon Capital and Anglo American Platinum and attracted new investment from a global consortium, including Al Mada Ventures, Blackfinch Ventures, Kibo Invest, Niterra / Global Brain, TOP Ventures (Thai Oil), Earth Ventures, and Alumni Ventures.
“Supercritical Solutions’ unique membraneless electrolyzer has the potential for groundbreaking energy efficiency that is critical to bringing down the levelized cost of hydrogen,” said Ethan Sohn, Principal, Toyota Ventures.
“Supercritical’s breakthrough electrolyzer technology represents a step-change in green hydrogen production, offering a scalable and cost-effective solution to accelerate the global energy transition,” said Omar Laalej, Managing Director at Al Mada Ventures. “
Morocco is making a generational commitment to green hydrogen, with its ‘Morocco Offer’, to which we see immense potential for Supercritical’s technology to play a key role in this ecosystem, and we’re excited to support their journey in reshaping the future of hydrogen.”
“Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future,” said Matt Bird, CEO of Supercritical.
“This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”
Supercritical has now formally launched its waiting list. Having already secured several key commercial commitments, the company hopes the waiting list will ensure that those looking to deliver on their net-zero goals cost effectively can secure their future with Supercritical.
Lead image: Supercritical. Photo: uncredited.
Would you like to write the first comment?
Login to post comments