Start-up lands £1m to shake up hydrogen energy
A pioneering University of Glasgowspinoutlookingtorevolutionisethehydrogenenergy sector has secured more than £1 million in funding.
The investment will be seen as a significant vote of confidence in Clyde Hydrogen and its ground-breaking technology that promises to deliver high pressure green hydrogen both at scale and at low cost, helping to solve one of the industry’s biggest challenges. The funding, via equity and grants, is supported by Zinc, the University of Glasgow and several angel investors.
The firm’s collaboration with the University of Glasgow gives access to worldclass research facilities and expertise in renewable energy technologies, while Zinc brings “strategic investment acumen” and a network of industry connections.
Clyde Hydrogen’s breakthrough has the potential to match renewable energy with hydrogen production in a more productive way than currently possible.
Chairman Jos Trehern said: “This funding is not just a financial boost but a validation of our vision to make green hydrogen accessible and cost effective. With the support of Zinc, the University of Glasgow and angel investors, we are poised to accelerate our research and development and bring our innovative solutions to market.”
Clyde Hydrogen was spun out from the University of Glasgow’s School of Chemistry. The funding will help expand its research and development team, accelerating technology development and forging strategic partnerships in the energy sector.
Paul Kirby, co-founder and chief executive at Zinc, said: “We believe in the importance of investing in deep science innovation to solve pressing environmental issues.”