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3M invests in hydrogen electrolyzer manufacturer EVOLOH

3M has invested in EVOLOH, a cleantech company that’s working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient, the 3M announced.

Founded in 2020, EVOLOH Inc., is revolutionizing the manufacturing of water electrolyzers to make low-cost clean hydrogen production possible at gigawatt scale anywhere in the world. NautilusTM stacks, the company’s patented electrolyzers, leverage advanced liquid alkaline technology to minimize costs and technical risks, while also maximizing manufacturing productivity, durability and efficiency.

EVOLOH takes an innovative approach to manufacturing electrolyzers with core components that do not require precious metals or rare earth materials and are made from abundant materials like steel, plastic and aluminum. That means lower cost electrolyzer modules for users, as well as lower costs for installation and maintenance.

3M Ventures, the venture capital arm of 3M, recently participated in EVOLOH’s $20 million Series A fundraising round, which will help the company scale up its manufacturing abilities.

“This round of funding positions EVOLOH to lead the electrolyzer manufacturing market by transforming electrolyzer stacks into affordable, efficient hardware commodities made with 100% local supply chains,” said Dr. Jimmy Rojas, founder and CEO of EVOLOH.

The investment in EVOLOH is just one of several 3M initiatives to enhance hydrogen technologies. Other examples include the development of a high-performance catalyst technology used in proton exchange membrane water electrolysis, another form of hydrogen production technology. Also, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using 3M glass bubbles – a high-strength, low-density hollow glass microsphere.

Photo of 3М

Press release https://shorturl.at/dpFSX

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