1s1 Energy funding news – 1s1 Energy Secures $1.4 Million in Seed Funding

These developments place green hydrogen as a scalable alternative for sectors like steel manufacturing, crucial to global decarbonisation efforts, and allow 1s1 Energy to build more compact and effective systems.

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As part of Brazil's Aneel P&D initiative, the business also announced the start of a $2.3 million electrolysis stack project in partnership with CEEE-G (Companhia Estadual de Geração e Transmissão de Energia Elétrica). The largest steel producer in Brazil, Companhia Siderúrgica Nacional, has also lent its backing to this project.

Daniel Sobek, CEO of 1s1 Energy said, "We've taken PEM (Proton Exchange Membrane) technology to a new level by introducing our boron-based materials. This innovation has allowed us to rethink electrochemical components to optimise the electrochemical cell's performance, With this latest funding and our collaboration in the P&D Aneel project, we're one step closer to making green hydrogen a practical solution for decarbonising heavy industries."

The funding, which was headed by Faber Ventures and Asiri LLC and included participation from Rumbo Ventures, City Light, and Gibson Lane GmbH, will support 1s1 Energy's objective to use its cutting-edge electrochemical cell technology to decarbonise hard-to-abate businesses at a reasonable cost.

Carlos Esteban, Partner at Faber Ventures said, "We're proud to support 1s1 Energy in its mission to decarbonise industries that are traditionally hard to abate, Their novel approach to green hydrogen production holds immense potential to drive impactful change, and we're thrilled to be part of their journey."

The money will be used to grow the team, scale up R&D operations, and showcase the company's technological prowess. As part of this endeavour, second-generation electrolysers that are more efficient at higher temperatures are being developed.

About 1s1 Energy

Hydrogen has an electron configuration of 1s1 since it possesses one electron in the 1s orbital. This decade, 1s1 Energy is driving the use of renewable hydrogen. Important materials science difficulties must be resolved before renewable hydrogen may be produced profitably.