Tallinn-based Stargate Hydrogen has successfully completed its Series A funding round, raising €11M primarily from strategic investors in the renewable energy sector. The investment will support the company's objective to manufacture efficient electrolyser stacks that improve the economics of green hydrogen production. By using innovative materials and technology, Stargate aims to significantly reduce production costs and increase reliability. The funding also elevates its total investment to over €50M, with backing from institutions like the SmartCap Green Fund and recognition from the European Commission as a key project for sustainable energy.
"We decided to invest in Stargate Hydrogen due to their highly innovative approach to green hydrogen production, accompanied by an impressive list of customers and strong unit economics."
Funding the scale of manufacturing of innovative green technologies is central to the green transition and our strategic objectives, as it enables wider adoption of sustainable energy solutions.
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