Electric Hydrogen, a US-based electrolyzer manufacturer, announced receiving credit financing support from leading financial institutions including HSBC, JP Morgan, Stifel Bank and Hercules Capital. The $100 Million funding has been provided for manufacturing and deployment of their 100MW electrolyzer plants, which enables the lowest cost production of green hydrogen.
“This facility marks a step-change in Electric Hydrogen’s access to capital and overall maturity as a business. With credit backing from some of the world’s largest and most well-known banks, we are well positioned to deliver gigawatts of electrolyzer plants in the coming years and enable our customers to meet their decarbonization goals,” states Derek Warnick, the company’s Chief Financial Officer.
