Snowfox Discovery announced the closure of the first tranche of Series-A funding, led by bp Ventures and includes investment from Rio Tinto with continued support from Oxford Science Enterprises.
“We are on a mission to unlock the potential of natural hydrogen for a net zero future, the company said. “The investment will enable us to accelerate the development of our core technology, expand our operations and build a global portfolio of leading natural hydrogen opportunities.
We look forward to collaborating with bp and Rio Tinto as we look to deliver on key milestones to make our vision a reality. This is made possible by the incredible efforts of the Snowfox Discovery team, supported by world-class advisors”.
Snowfox Discovery is a spinout from Durham and Oxford Universities with early stage funding from Oxford Science Enterprises.
Co-founded by leading academics, experienced explorers and technology experts to unlock the potential of natural hydrogen for a net zero future.
Snowfox Discovery is an exploration company with scientific endeavour at its heart, building sector-defining technology, with an aspiration to have a significant impact.
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Press release https://tinyurl.com/59m2crmv