Singapore-based cleantech business SunGreenH2 has raised $2 million in seed funding led by deeptech-focused venture capital firm SGInnovate.
The investment is in addition to a recent award from the Energy Market Authority of Singapore.
Established in 2020, SunGreenH2 is creating methods for cost-effective production of green hydrogen. Utilizing nanostructured electrodes, this method increases the water contact area during the hydrogen-oxygen splitting reaction.
According to the business, its technology increases electric current density production by nearly twofold while decreasing precious metal consumption by “an order of magnitude.” It was also said that the technology is applicable to practically all commercially available electrolysis equipment.
The new money will allow SunGreenH2 to perform trials with global producers for its materials. It has also examined potential partnerships with major green hydrogen companies in Singapore, Japan, India, the European Union, and North America.