Peregrine Hydrogen Inc, a climate technology company pioneering a dual production method for green hydrogen, announced an oversubscribed $7.8M seed financing round. The round is led by Bidra with participation from Builders, Gates Frontier, Presidio Ventures, RiSC Capital and Schox. Peregrine will utilize the funds to refine and scale-up their proprietary technology and expand into commodity chemical markets.
Peregrine is developing a novel electrolyzer technology to produce clean hydrogen at cost parity with today’s SMR pathway. This breakthrough was achieved through Peregrine’s co-production technology which delivers clean hydrogen alongside valuable, industrial chemicals. Peregrine’s technology leverages proprietary chemical engineering advances and strategic integration methods to pursue commercial opportunities at scale.
Press release https://is.gd/fWo0au