Clyde Hydrogen funding news – Glasgow-based Clyde Hydrogen has Secured £5Million in Funding
Dec 10, 2024 | By Kailee Rainse
Clyde Hydrogen Systems (Clyde Hydrogen), a pioneering Scottish startup poised to transform the hydrogen energy sector, has achieved a critical technical breakthrough in its decoupled electrolysis process alongside launching its latest funding round designed to speed up the commercialisation of its innovative technology.
SUMMARY
- Clyde Hydrogen Systems (Clyde Hydrogen), a pioneering Scottish startup poised to transform the hydrogen energy sector, has achieved a critical technical breakthrough in its decoupled electrolysis process alongside launching its latest funding round designed to speed up the commercialisation of its innovative technology.
- Clyde Hydrogen Systems (Clyde Hydrogen) is a spin out of the University of Glasgow and is developing an innovative way of producing hydrogen from water at pressure with improved efficiency and safety over conventional systems available today.
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The Glasgow-headquartered business today announced the successful production of hydrogen at pressures exceeding 100 bar using its scaled-up catalytic hydrogen generator. This achievement is testament to Clyde Hydrogen’s innovative approach to matching intermittent renewable energy with hydrogen production, addressing one of the most significant challenges in the hydrogen sector.
The business’ proprietary technology has the potential to unlock more efficient, high-pressure hydrogen production, paving the way for widespread adoption of renewable hydrogen in the UK and beyond.
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Breakthrough technology developed from Scotland’s leading research school
It is a spin-out from the University of Glasgow’s School of Chemistry, a global leader in electrochemistry research. Its cutting-edge technology utilises a decoupled electrolysis process, comprising an electrochemical reductor that generates a reduced mediator solution and a catalytic hydrogen generator that produces high-pressure hydrogen gas.
The successful demonstration of hydrogen production at over 100 bar represents a significant technical validation of it’s technology, which is designed to convert low-quality, intermittent renewable power into clean hydrogen. This milestone underscores Clyde Hydrogen’s capability to provide scalable, efficient, and cost-effective solutions for the global transition to net-zero.
The business is on track to deliver a fully integrated pilot system by late 2025, and following this, it plans to scale up to a commercial demonstrator, with the first market-ready product targeted for release by 2027.
Launching a £5m Seed Funding Round
Backed by pre-seed funding from Zinc, University of Glasgow and grants from the Scottish Government’s Hydrogen Innovation Scheme (HIS) and the Net Zero Technology Centre (NZTC), Clyde Hydrogen is now ready to accelerate its growth.
To support its journey toward commercialisation, it is launching a new funding round aimed at attracting up to £5m of new investment. The funds will enable the company to refine its production process, develop a production-ready system by 2026, and expand its team to meet the growing demand for hydrogen technology.
James Peck, CEO of Clyde Hydrogen, commented: “This technical milestone validates years of dedicated research and development. It demonstrates our ability to scale lab-based innovations into commercially viable technology. With this funding round, we aim to propel Clyde Hydrogen towards delivering a production-ready system and playing a key role in the UK’s renewable energy future.”
About Clyde Hydrogen Systems
Clyde Hydrogen Systems (Clyde Hydrogen) is a spin out of the University of Glasgow and is developing an innovative way of producing hydrogen from water at pressure with improved efficiency and safety over conventional systems available today.
It aims to have its first commercial system delivered in 2027 and initially developed the technology supported by grants from the Scottish Government’s Hydrogen Innovation Scheme (HIS), and the Net Zero Technology Centre (NZTC).