Supercritical funding news – London-based Supercritical Solutions Secures £14 Million in Series A Round Funding

Founded in 2020, Supercritical aims to lower the cost of green hydrogen and help create a sustainable future where renewable energy, like its advanced electrolyser technology, is affordable and doesn’t rely on subsidies.

It created the world’s first high-pressure, ultra-efficient electrolyser, which produces hydrogen and oxygen at pressures over 220 bar, with 99% purity and high efficiency, using just 42kWh per kilogram of hydrogen.

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It’s approach cuts operational costs and solves key challenges in the industry. It offers scalable solutions without using harmful chemicals (PFAS), membranes, iridium, or rare earth metals.

By providing these PFAS-free, membrane-free, and iridium-free solutions, Supercritical aims to reduce hydrogen production costs to under £1 per kilogram within this decade, helping shift industries from grey to green energy.

This funding round included follow-up investments from Lowercarbon Capital and Anglo American Platinum, along with new support from a global group of investors, such as Al Mada Ventures, Blackfinch Ventures, Kibo Invest, Niterra / Global Brain, TOP Ventures (Thai Oil), Earth Ventures, and Alumni Ventures.

Ethan Sohn, Principal, Toyota Ventures said, “Supercritical Solutions’ unique membraneless electrolyzer has the potential for groundbreaking energy efficiency that is critical to bringing down the levelized cost of hydrogen,”.

Omar Laalej, Managing Director at Al Mada Ventures said, “Supercritical’s breakthrough electrolyzer technology represents a step-change in green hydrogen production offering a scalable and cost-effective solution to accelerate the global energy transition,".

Morocco is making a generational commitment to green hydrogen, with its ‘Morocco Offer’, to which we see immense potential for it’s technology to play a key role in this ecosystem, and they’re excited to support their journey in reshaping the future of hydrogen.”

Matt Bird, CEO of Supercritical said, “Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future, This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”

It has now opened its waiting list. The company has already secured several important business commitments and hopes the waiting list will help those aiming to reach net-zero goals affordably to plan their future with Supercritical.

About Supercritical

One-third of corporate buyers use Supercritical’s marketplace to find and purchase verified carbon credits, build portfolios, and securely complete transactions through spot purchases and agreements.