Climate Insider Brief:
- Clyde Hydrogen Systems, a Scottish startup, has successfully closed a pre-seed funding round exceeding £1m, with support from Zinc, the University of Glasgow, and strategic angel investors.
- The investment underscores confidence in Clyde Hydrogen’s innovative approach to hydrogen production, utilising decoupled electrolyser technology developed in collaboration with the University of Glasgow.
- With this funding, Clyde Hydrogen aims to expand its R&D team, accelerate technology development, and establish strategic partnerships.
PRESS RELEASE – Glasgow, United Kingdom / April 10, 2024 – Clyde Hydrogen Systems (Clyde Hydrogen), a pioneering Scottish startup set to revolutionise the hydrogen energy sector, is thrilled to announce the successful closure of its pre-seed funding round totalling over £1m in equity and grants. This milestone achievement is supported by Zinc, the University of Glasgow and several strategic angel investors.
The investment marks a significant vote of confidence in Clyde Hydrogen’s mission to develop cutting-edge hydrogen production solutions that promise to significantly reduce carbon emissions and advance the global transition to a sustainable energy future. The company’s collaboration with the University of Glasgow provides Clyde Hydrogen access to world-class research facilities and expertise in renewable energy technologies, while Zinc’s involvement brings strategic investment acumen and an established network of industry connections.
Clyde Hydrogen’s breakthrough decoupled electrolyser technology delivers high pressure green hydrogen safely at scale and at low cost. This has the potential to match renewable energy with hydrogen production in a more productive way than currently possible – solving one of the industry’s biggest challenges to date.
“This funding is not just a financial boost but a validation of our vision to make green hydrogen accessible and cost effective,” commented 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.”
Paul Kirby, co-founder and CEO at Zinc stated “At Zinc, we believe in the importance of investing in deep science innovation to solve our most pressing environmental issues. Clyde Hydrogen represents exactly the kind of disruptive technology we look to support — one that has the potential to revolutionise the energy landscape and reduce reliance on fossil fuels. We’re excited to be part of the team at Clyde Hydrogen on its journey to impact.”
“The University of Glasgow is proud to support Clyde Hydrogen in their innovative endeavours to transform the hydrogen energy landscape. This partnership aligns with our commitment to advancing sustainable and renewable energy adoption. We believe that Clyde Hydrogen’s ground-breaking approach to hydrogen production will play a crucial role in achieving a carbon-neutral future,” added Melville Anderson, Head of IP and Commercialisation, University of Glasgow.
The pre-seed funding will be instrumental in expanding the company’s R&D team, accelerating technology development, and forging strategic partnerships within the energy sector. Clyde Hydrogen is committed to contributing significantly to Scotland’s ambitious carbon neutrality and green hydrogen goals.
About
Clyde Hydrogen Systems is a spinout from the University of Glasgow building better green hydrogen production systems. Their breakthrough decoupled electrolyser technology delivers high pressure green hydrogen safely at scale and at low cost.
Zinc is an early stage mission-driven investor, backing founders creating innovative solutions and building ambitious businesses that tackle the most pressing and complex challenges facing the health of people and the planet.
University of Glasgow is a world top 100 university and a member of the prestigious Russell Group of leading UK research universities. Established in 1451, the University is committed to tackling the most pressing global challenges facing humanity and the natural world and is delivering against the United Nation’s 17 Sustainable Development Goals (SDGs). The University’s Innovation Strategy currently sets out how it is working to grow economies, tackle inequalities and improve the health and wellbeing of citizens to create sustainable futures for communities locally and globally.
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Press Contacts
Tom Sutton
Clyde Hydrogen
Email: [email protected]
Phone: 07796474940
Kate Hyslop
Zinc
Email: [email protected]
Ian Marland
University of Glasgow
Email: [email protected]
Website www.clydehydrogen.com
SOURCE: CHS
Featured Image: Credit: CHS
