EVOLOH Secures $20M to Transform Electrolyzer Manufacturing for Low-Carbon Hydrogen

EVOLOH, Inc., a leading cleantech company, announced an oversubscribed Series A fundraising of $20 million led by Engine Ventures, with significant contributions from NextEra Energy Resources and 3M Ventures. This influx of capital is earmarked for amplifying the company’s manufacturing technologies and enhancing the capabilities of its NautilusTM platform. Their patented electrolyzers aim to revolutionize hydrogen production by offering an efficient and cost-effective solution.

By promising an 80% reduction in both capital investment and footprint, EVOLOH's advanced liquid alkaline electrolyzer technology, the NautilusTM platform, plans to tackle the existing challenges faced by traditional electrolyzer manufacturing. Utilizing common and environmentally friendly materials such as steel, plastic, and aluminum, the company's NautilusTM stacks require no precious metals or rare earth materials, reducing both capital and operational expenses for hydrogen production facilities.

Dr. Jimmy Rojas, founder and CEO of EVOLOH, emphasizes the company’s commitment to affordable and efficient hydrogen production through 100% domestic supply chains. The technology's modular design allows scalability up to 24 megawatts, catering to large industrial applications. Partners and investors underline the potential of EVOLOH's technology to significantly lower green hydrogen production costs, aligning with global decarbonization goals.

Investments and potential collaborations with industry giants like 3M highlight EVOLOH's growing influence in the cleantech and hydrogen production sectors. With its innovative approach to electrolyzer manufacturing, EVOLOH is poised to make a significant impact on the global hydrogen economy.