Resource logo with tagline

Oort Energy secures £5m Seed funding

The Uk-based electrolyzer startup is focused on the decarbonization of heavy industry.

Oort Energy, a UK-based next-generation hydrogen electrolyser developer, today announced that it has closed its oversubscribed £5m Seed raise led by Energy Revolution Ventures (ERV), according to a news release.

The funding augments approximately £800k in non-dilutive grants awarded to the company by various UK and EU government bodies. The major Seed round investors include TRIREC, an Asian based decarbonization fund, as well as a corporate strategic investor.

The funding will support the set-up of the company’s electrolyser stack manufacturing facility and the deployment of their first fully compliant demonstrator to produce green hydrogen from renewable energy.

The Seed funding round was closed in two equal tranches, with the first tranche utilized to build the team and launch its manufacturing facility, whilst the second tranche allowed the company to bring in a strategic investor, who will assist with supply chain and large-scale manufacturing.

Unlock this article

The content you are trying to view is exclusive to our subscribers.
To unlock this article:

You might also like...

European Commission clarifies some RFNBO rules

In a new Q&A document, the European Commission has clarified several provisions related to the qualification of renewable fuels, including the use of intermediaries in PPAs, the definition of a bidding zone, and the emissions intensity of synthetic fuels.

Read More »
exclusive

Siemens Energy NA executive priming for scale in hydrogen

The North American wing of the global technology company is in the earliest stages of engaging EPC providers and economic development officials for its next US electrolyzer manufacturing site, Richard Voorberg, president of Siemens Energy North America, said in an interview.

Read More »

Welcome Back

Get Started

Sign up for a free 15-day trial and get the latest clean fuels news in your inbox.