Supercritical Raises $18 Million to Scale Low-Cost Green Hydrogen Solution
Green hydrogen startup Supercritical Solutions announced that it has raised £14 million (USD $18 million) in a Series A investment round, with proceeds to be used to advance its low-cost electrolyzer technology aimed at decarbonizing the hard-to-abate chemicals and fuels industries.
Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult to abate emissions, in which renewable energy solutions such as wind or solar are less practical. The development of clean hydrogen capacity, such as green hydrogen, which uses renewable energy to power the process to extract hydrogen from other materials, will require massive investments in areas including infrastructure, electrolysis, transport and storage.
Established in 2020, London-based Supercritical has developed high-pressure electrolyzer technology aimed at significantly lowering the cost of green hydrogen production, using 20% – 30% less energy compared to traditional electrolyzers, and performing electrolysis at much higher temperature and pressure, producing pressurized hydrogen with greater efficiency. The company’s electrolysis solution is also PFAS-free, membrane-free, and iridium-free. Supercritical said that it aims to lower hydrogen production costs to under £1/kgH2 within this decade.
Supercritical said that it will use the new capital to scale its electrolyzer technology to pilot scale, and that it aims to scale its manufacturing and operations and access new markets. The company said that it has formally launched a waiting list, with several key commercial commitments already secured.
Matt Bird, CEO of Supercritical, said:
“Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future. This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”
The round was co-led by Shell Ventures and Toyota Ventures, with follow-on investment from seed investors Lowercarbon Capital and Anglo American Platinum. The round also included new investment from investors including Al Mada Ventures, Blackfinch Ventures, Kibo Invest, Niterra / Global Brain, TOP Ventures (Thai Oil), Earth Ventures, and Alumni Ventures.
Ethan Sohn, Principal, Toyota Ventures, said:
“Supercritical Solutions’ unique membraneless electrolyzer has the potential for groundbreaking energy efficiency that is critical to bringing down the levelized cost of hydrogen. We are delighted to support the team on their path to scaling their technology, as cost-effective green hydrogen is essential for decarbonizing hard-to-abate industries.”
March 11, 2025 at 05:30PM
Supercritical Raises $18 Million to Scale Low-Cost Green Hydrogen Solution
ESG Today Writing Staff