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Tallinn-based greentech Stargate Hydrogen has completed a successful seed round of €42 million. The round includes an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies, with the participation from other investors and grants. The company has come up with a green hydrogen technology to fight against climate change in the industries such as steelmaking, fertilizers and chemicals. What new they bring to the table is to count the cost of green energy. The funding will feed their goal to scale up their patented electrolyser technology. They also appoint Skeleton Technology’s founder Taavi Madiberk as Non-Executive Chairman.
Stargate Hydrogen is a pioneering force in green hydrogen solutions and their technology is fundamentally different from other electrolysers in terms of both materials and the development approach…
