As the world looks to quickly decarbonize transportation and industry, hydrogen demand is expected to increase dramatically, from $130B today to $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 is a company developing emission-free, hydrogen production technology. Aurora Hydrogen’s founding team is made up of CPE Member Murray Thomson, PhD, P.Eng, along with Andrew Gillis, PhD, MBA, P.Eng, and Erin Bobicki, PhD, P.Eng. Murray is a world-leading expert in thermofluid reactions with a focus on combustion and pyrolysis; Andrew has spent over a decade in the development, scale-up, and commercialization of clean technology in the natural resource industry; and Erin is a world-leading expert in novel applications of microwave energy for industrial processes.
We are thrilled to share that Aurora Hydrogen has raised $10M USD 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 adds to additional funding by the Natural Sciences and Engineering Research Council of Canada (NSERC) that the team received earlier this year.
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.
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.
The recent funding will be used to build and operate a 200 kg-H2/day demonstration plant for field trials in Edmonton, Canada.
About Aurora Hydrogen
Aurora Hydrogen is developing a clean hydrogen production technology that utilizes efficient microwave energy without generating any CO2 emissions or consuming water. The technology is highly scalable, units can be installed anywhere and can scale from small fueling 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 premier capital provider for innovators serving the energy industry. EIC provides early and growth-stage funding for visionary entrepreneurs tackling global energy challenges with transformative, market-leading solutions. EIC’s team leverages 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