Stargate Hydrogen funding news – Green Hydrogen Company Stargate Hydrogen Secures €42 Million in Seed Funding

Stargate Hydrogen’s technology is fundamentally different from other electrolysers in terms of both materials and the development approach used, allowing to bring down the cost of green hydrogen to 1 Euro.

The financing round is led by an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies but also includes other investors and grants.

Stargate is proud to be recognized as an IPCEI project and to be part of the hydrogen technology wave that includes industry-leading companies such as Enel Green Power, De Nora, Sunfire and others.

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The core of Stargate’s IPCEI is complementing reliable and robust alkaline technology with a new form of catalyst material that is inherently more active compared to alternatives available on the market today.

Instead of precious metals, Stargate is using ceramic-based catalyst material that significantly contributes to the reduction in levelised cost of hydrogen, without renouncing the reliability of alkaline technology.

Additionally, Stargate has developed its proprietary stack and system design, using a development approach that considers electrolyser as a battery system, thereby adopting the learnings from the rapid developmental cycles of lithium-ion batteries over the past 15 years.

Marko Virkebau, CEO of Stargate Hydrogen, said " With a deep understanding of disruptive innovation, Taavi Madiberk brings invaluable expertise and strategic vision to Stargate Hydrogen's board. "We are delighted to welcome Taavi Madiberk to our leadership team as Non-Executive Chairman, His proven leadership in driving deep-tech advancements will be instrumental in guiding Stargate Hydrogen through its next phase of organizational and manufacturing scale-up."

Taavi Madiberk also commented on his appointment: “When I first met with the CTO, Dr. Rainer Küngas, I immediately realized that his approach to developing electrolysers is completely different and could be a game-changer on the market. The management team of Stargate has made exceptional progress over the past years and there are already large corporations using their technology. I have been supporting Stargate from the beginning, but I look forward to working with the team even closer now”.

About Stargate Hydrogen

In order to help their clients expedite their hydrogen projects, Stargate Hydrogen provides cutting-edge stacks and electrolyser systems for the generation of green hydrogen. Their goal is to develop sustainable and economical green hydrogen solutions in order to expedite the world's shift to a zero-carbon economy.