Green Hydrogen Bid by Newtrace : Develops Electrolyzers For 60% Cost Reduction!”
Here’s an article posted in Indian Express.
According to the article,
- Newtrace, a climate tech startup, has raised $5.65 million in a seed funding round led by Sequoia Capital India and Aavishkaar Capital.
- The company develops electrolysers to reduce the cost of green hydrogen production by over 60%.
- Its electrolysers can be used in various sectors, including refineries, fertilisers, chemicals, steel and cement, and transportation.
Interestingly, we have some other posts related to this content:
Efficient Electrolysers for Hydrogen Production: Johnson Matthey and Hystar To Develop
Johnson Matthey and Hystar partner to develop cutting-edge, efficient, and cost-effective electrolysers, aiming to make hydrogen production more affordable. Green Hydrogen from Seawater Using PEM Electrolyzer by Fraunhofer ISE: Fraunhofer ISE and partners develop offshore hydrogen production concept with 500 MW electrolysis platform, aiming for 50,000 tons/year green hydrogen production.
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