Shell and Chevron invest in Aurora Hydrogen clean H2 tech

The venture capital units of energy giants Chevron and Shell participated in Canadian clean hydrogen company Aurora Hydrogen’s $10 million funding round.

This article is related to Canada’s energy sector. Alfa Laval’s heat transfer units and separators are used to optimize energy consumption and recover waste heat for reuse in heavy process operations across Canada.

 

Read the full article on Offshore Energy (offshore-energy.biz)

 

“…Aurora Hydrogen is developing a clean hydrogen production technology that uses microwave energy without generating any CO₂ emissions or consuming water. Hydrogen production using Aurora’s technology has the potential to reduce global CO₂ emissions by over 900 million tonnes per year.

 

The company has raised $10 million 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 from the Natural Sciences and Engineering Research Council of Canada (NSERC) that the team received earlier this year.

 

Hydrogen demand is expected to increase from $130 billion today to $2.5 trillion in 2025, according to the Hydrogen Council....”

 

 

Click here to learn more about Alfa Laval’s equipment for energy reuse and emissions reduction in heavy process operations.