JERA Co., Inc., through JERA Ventures, has invested approximately $2m in Power to Hydrogen, a designer and manufacturer of advanced hydrogen production systems using water electrolysis, according to a news release.
Power to Hydrogen aims to accelerate the transition to a clean energy economy. The company, based in Columbus, Ohio, USA, develops and manufactures innovative anion-exchange membrane (AEM) electrolyzers that can produce hydrogen from water and electricity at low cost using earth-abundant materials.
The key issue for AEM technology has been stability, but Power to Hydrogen has successfully addressed this issue through its unique configuration of the device. Moreover, with rapid response time, its electrolyzers can be integrated directly with variable clean hydrogen.
JERA seeks to achieve zero CO2 emissions by 2050, and one approach is to fuel switch existing natural gas and coal power plants to hydrogen and ammonia. This requires an extensive build-out of the hydrogen supply chain that is both clean and affordable. Power to Hydrogen’s technology provides a means to tackle this challenge.
Through JERA Ventures, JERA will support startup growth and co-creation as a good partner by offering the value of our strengths as one of the world’s largest energy companies, and together contribute to the realization of a decarbonized society.
