Lancium, a California-based provider of software and technological solutions, has made an undisclosed investment in Monarch Energy, a North American producer of green hydrogen projects.
Monarch Energy’s first financial infusion from an outside partner, according to the release, and the company plans to explore other investment possibilities to support its immediate and long-term ambitions.
The firm assists with the acquisition of land rights and relevant permissions, as well as the negotiation of long-term hydrogen sales contracts required for the construction of large-scale electrolyzers.
“This investment will allow us to explore new initiatives aggressively in order to establish an ecosystem where green hydrogen projects may thrive,” said Ben Alingh, Monarch Energy’s co-founder and president.
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