- Other round investors included Williams, Shell Ventures, Chevron Technology Ventures and the George Kaiser Family Foundation
- The funds raised will be used to build and operate a demonstration plant for field trials in Edmonton, Alberta
- Aurora Hydrogen was founded in 2021
Aurora Hydrogen, an Edmonton-based developer of emission-free, hydrogen production technology, has raised $10 million in Series A financing. Energy Innovation Capital (EIC) led the round. Other investors included Williams, Shell Ventures, Chevron Technology Ventures and the George Kaiser Family Foundation.
This deal adds to funding received earlier this year from the Natural Sciences and Engineering Research Council of Canada. Proceeds will be used to build and operate a 200 kg-H2/day demonstration plant for field trials in Edmonton, Alberta.
“Energy Innovation Capital invests in innovative companies commercializing technology for clean, abundant and affordable energy for all,” said Christopher Smith, managing director at Energy Innovation Capital, in a statement. “Aurora’s novel and thermodynamically sound approach has the opportunity to decarbonize the current carbon intensive hydrogen industry and lead the commercialization of new low-carbon hydrogen applications. The team at Aurora is uniquely positioned to produce hydrogen in one of the fastest, most economical and cleanest ways ever seen on the market.”
Aurora Hydrogen was founded in 2021.
San Francisco-based EIC Capital targets technology opportunities in the clean energy industry.