Tech Company Financing Transactions
Aurora Hydrogen Funding Round
On 8/2/2022, Aurora Hydrogen received $10 million in Series A funding from Energy Innovation Capital, Chevron Technology Ventures and George Kaiser Family Foundation.
Transaction Overview
Company Name
Announced On
8/2/2022
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to build and operate a 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
Undisclosed
Edmonton, Alberta, Undisclosed
CN
Edmonton, Alberta, Undisclosed
CN
Phone
Undisclosed
Website
Email Address
Overview
The world is looking to decarbonize transportation and industrial processes, and hydrogen has been identified as an energy carrier with key benefits over electricity in applications where a chemical fuel is needed. At present, hydrogen is primarily produced by the steam reforming of natural gas, which results in the production of CO2. With hydrogen demand expected to increase dramatically, there is an urgent need to develop new low-cost and low-carbon technologies for hydrogen production.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Gillis
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