A spinout from the University of Glasgow aiming to make hydrogen energy production more efficient has secured £1m in funding.
Clyde Hydrogen Systems has developed a new approach to electrolysis – the process of using electric currents to drive chemical reactions – that is says allows hydrogen and oxygen to be made in separate places and at different times and rates.
This process, called “decoupled electrolyser technology”, can deliver high-pressure green hydrogen safely at scale and at low cost, according to Clyde Hydrogen.
Combining hydrogen with oxygen atoms can produce electricity, with the only excess products being water and heat.
Hydrogen technology is still very much in its infancy but it holds high promise to provide a renewable and readily available source of energy.
Funding for Clyde Hydrogen came from investment firm Zinc, the University of Glasgow, and angel investors. The pre-seed funding was a mix of grant and equity.
Paul Kirby, co-founder and CEO at Zinc, said Clyde Hydrogen “has the potential to revolutionise the energy landscape and reduce reliance on fossil fuels”.
The spinout said it will use the influx of capital to expand its R&D team and establish partnerships in the energy sector.
“This funding is not just a financial boost but a validation of our vision to make green hydrogen accessible and cost-effective,” said Dr Jos Trehern, chairman of Clyde Hydrogen.
“With the support of Zinc, the University of Glasgow and angel investors, we are poised to accelerate our research and development efforts and bring our innovative solutions to market.”
Read more: 5 UK startups harnessing the potential of hydrogen
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