“We are extremely proud to announce that Vema has successfully raised an oversubscribed $13M Seed round, co-led by Extantia and Propeller, with additional participation from Zero Carbon Capital, Pace Ventures, and returning investor The Grantham Foundation for the Protection of the Environment”, the company said.”This investment marks a significant step forward, allowing us to move into the field and demonstrate that clean, reliable, and affordable geologic hydrogen at scale is possible. It will also strengthen our research capabilities as we continue to push the boundaries of innovation”.
According to Vema, the technology of the company can produce hydrogen at a cost about $1/kg.
Image of Vema Hydrogen
Press release https://tinyurl.com/bdzh52k3
