Shell Ventures and Chevron Tech ventures participated in Canadian clean hydrogen Canadian company Aurora Hydrogen’s $10 million funding round.
Hydrogen production from the Aurora technology has the potential to significantly reduce global CO2 emissions by over 900 million tonnes per year.
Additionally, Aurora uses 80% less electricity than electrolysis, the conventional method of producing clean hydrogen, requiring far less electrical generation capacity per kg of hydrogen. And, unlike electrolysis, the process does not require water as a feedstock, preserving another critical and scarce resource.
The recent funding will be used to build and operate a 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada. Current hydrogen production is either expensive and distributed or low-cost and centralized, requiring additional costs to transport.
Aurora’s technology has the potential to unlock many new hydrogen markets and applications by providing low-cost hydrogen at the point of use, fast-tracking the path to decarbonization in heavy transportation, residential and commercial heating, and many industrial processes.
“At Aurora, we are producing low-cost hydrogen at the point of use, at the exact scale required, and without generating any CO2,” said Andrew Gillis, CEO, Aurora Hydrogen. “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.”