Aurora Hydrogen raises $10 million to develop low-cost, zero-emissions hydrogen technology

Energy Innovation Capital, Williams, Shell Ventures and Chevron Technology Ventures invest to help unlock one of the cleanest and most economical forms of hydrogen production

EDMONTON, AVE, August 1, 2022 /PRNewswire/ — Aurora Hydrogena company developing emission-free hydrogen production technology has raised 10 million dollars in Series A funding led by Energy Innovation Capital. Participating investors include Williams, Shell Ventures, Chevron Technology Ventures and the George Kaiser Family Foundation. This funding is in addition to additional funding from the Natural Sciences and Engineering Research Council of Canada (NSERC) that the team received earlier this year.

As the world seeks to rapidly decarbonize transport and industry, demand for hydrogen is expected to rise dramatically from 130 billion dollars today yes $2.5T in 2025, according to the Hydrogen Council. There is an urgent need to develop new low-cost and low-carbon technologies for hydrogen production. Aurora Hydrogen scales its proprietary and highly efficient microwave pyrolysis technology to produce hydrogen and solid carbon without generating CO2 emissions or water consumption. Aurora’s technology is highly scalable, with units capable of providing a wide range of applications from distributed refueling to hydrogen injection and industrial processes.

Hydrogen production from Aurora technology has the potential to significantly reduce global CO2 emissions of more than 900 million tons per year. In addition, Aurora uses 80% less electricity than electrolysis, the conventional method of producing pure hydrogen, requiring much less electricity generation capacity per kg of hydrogen. And unlike electrolysis, the process does not require water as a raw material, conserving another critical and scarce resource.

β€œAt Aurora, we produce low-cost hydrogen at the point of use, at the exact scale required and without generating CO2,” said Andrew GillisCEO, 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 expensive infrastructure to transport hydrogen.”

The recent funding will be used to build and operate the 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada. Current hydrogen production is either expensive and distributed, or cheap and centralized, requiring additional transportation costs. 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-duty transportation, residential and commercial heating, and many industrial processes.

“Energy Innovation Capital invests in innovative companies commercializing technologies for clean, abundant and affordable energy for all,” they said Christopher Smith, Managing Director, Energy Innovation Capital. “Aurora’s novel and thermodynamically stable approach has the potential to decarbonize the current carbon-intensive hydrogen industry and lead to the commercialization of new low-carbon hydrogen applications.” The Aurora team is uniquely positioned to produce hydrogen in one of the fastest, most economical and cleanest ways ever seen on the market.”

Aurora Hydrogen’s founding team consists of Andrew GillisPhD, MBA, P.Eng, Erin BobickiPhD, P.Eng, and Murray Thomson, PhD, Eng Andrew has spent more than a decade developing, scaling and commercializing clean technologies in the natural resources industry; Erin is a leading world expert in new applications of microwave energy for industrial processes; and Murray is a leading global expert in thermofluidic reactions with a focus on combustion and pyrolysis.

“Aurora has assembled an impressive syndicate of strategic investors to commercialize and scale emissions-free hydrogen, which includes two of the largest energy companies in the world and a leading energy infrastructure company in the US,” Smith added. “Aurora can significantly contribute to global net-zero energy goals and is very well aligned with EIC’s focus on the future of energy, Chevron’s commitment to industrial decarbonization and energy decentralization, Shell’s strategy to invest in low-carbon energy and the development of Williams’ hydrogen Syndication provides Aurora with a powerful commercialization platform with global reach.”

About Aurora Hydrogen

Aurora Hydrogen develops clean hydrogen production technology that uses efficient microwave energy without generating CO2 emissions or consuming water. The technology is highly scalable, the units can be installed anywhere and can scale from small gas stations to the largest industrial applications. Hydrogen production using Aurora’s technology has the potential to reduce global CO2 emissions by over 900 million tonnes per year. The company was founded in 2021 and is based in Edmonton, Canada. For more information, please visit: www.aurorahydrogen.com.

About Energy Innovation Capital

Energy Innovation Capital is the leading provider of capital for innovators serving the energy industry. The EIC provides early-stage and growth-stage funding for visionary entrepreneurs who are tackling global energy challenges with transformative, market-leading solutions. The EIC team uses our industry expertise, networks and collaborative approach to help talented entrepreneurs push the boundaries of what’s possible and build great companies. To learn more, visit www.energyinnovationcapital.com.

SOURCE Aurora Hydrogen

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