Israeli startup H2Pro has received $22 million in funding from Microsoft founder Bill Gates via his Breakthrough Energy Ventures (BEV), Hong Kong billionaire Li Ka-shing, Japan’s Sumitomo and Korean auto manufacturer Hyundai.
“Hydrogen is an important part of any plan to reach climate neutrality,” said Talmon Marco, H2Pro CEO. It’s already used extensively and is set to play an even larger role in the future as it can replace fossil fuels in many applications, but unlike fossil fuels, it produces no CO2. Unfortunately, hydrogen is produced from fossil fuels today, contributing vast amounts of CO2 emissions. We’ve known how to split water with electricity for over 200 years via electrolysis. Drawing on that expertise, we’ve created a technology with 95 percent efficiency and lower CAPEX that can significantly accelerate the mainstream adoption of green hydrogen.”
