Aurora Hydrogen Raises $10 Million To Develop Hydrogen Technology

Highlights :

  • The fresh funding adds to additional funding by the Natural Sciences and Engineering Research Council of Canada (NSERC) which it received earlier this year.
  • The recent funding will be used to build and operate a 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada.

Green hydrogen production technology developer Aurora Hydrogen has declared raising $10M in Series A funding led by Energy Innovation Capital. The participating investors included Williams, Shell Ventures, Chevron Technology Ventures and the George Kaiser Family Foundation.

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The official announcement of Aurora stated that this funding adds to additional funding by the Natural Sciences and Engineering Research Council of Canada (NSERC) which it received earlier this year.

The hydrogen demand is expected to increase dramatically from $130 billion today to $2.5 trillion in 2025, according to the Hydrogen Council. At a time like this, it is apt that Aurora Hydrogen is scaling its proprietary and extremely efficient microwave pyrolysis technology to generate hydrogen and solid carbon. These would help achieve the desired results without producing CO2 emissions or consuming water. Aurora said that its technology is highly scalable, with units that can supply a broad range of applications from distributed fueling to hydrogen injection and industrial processes.

Hydrogen that is generated from Aurora technology may majorly curb global CO2 emissions by more than 900 million tonnes annually. That apart, it employs 80% less electricity as compared to electrolysis since it needs much less electrical generation capacity for every kg of hydrogen, nor does it need water as a feedstock.

Andrew Gillis, CEO, Aurora Hydrogen, said, “At Aurora, we are producing low-cost hydrogen at the point of use, at the exact scale required, and without generating any CO2. We use existing energy pipelines and distribution systems to move the energy, then produce hydrogen where it’s needed, eliminating the need for any new costly hydrogen transportation infrastructure.”

The company said that with the funding, it will constructing and operating a 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada.

An Eye On The Global Market

Christopher Smith, MD, Energy Innovation Capital, said, “Aurora’s novel and thermodynamically sound approach has the opportunity to decarbonize the current carbon intensive hydrogen industry and lead the commercialization of new low-carbon hydrogen applications. The team at Aurora is uniquely positioned to produce hydrogen in one of the fastest, most economical and cleanest ways ever seen on the market.”

Smith from Aurora Hydrogen’s founding team added, “Aurora has assembled an impressive strategic investor syndicate to commercialize and scale emissions-free hydrogen that includes two of the world’s largest energy companies and a leading U.S. energy infrastructure company.”

He said that Aurora can be a significant contributor to achieving “global net-zero targets and is very well aligned with EIC’s focus on the future of energy, Chevron’s commitment to industrial decarbonization and energy decentralization, Shell’s strategy to invest in low carbon energy and Williams’ hydrogen development program. He opined that the syndicate provides Aurora a powerful commercialization platform with global reach.”

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