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Vema Hydrogen Raises $13M Seed Funding

Summary by Citybiz

Vema Hydrogen, a Wilmington, DE-based company developing stimulated geologic hydrogen (SGH), raised $13M in Seed funding. The round was co-led by Extantia Capital with Propeller Ventures with participation from Zero Carbon Capital, Pace Ventures and existing investor Grantham Foundation. The company intends to use the funds for the development of the first clusters of full-scale SGH pilot wells in North America. Founded by Florian Osselin and Pi…

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ESG Today

Vema Hydrogen Raises $13 Million for Solution to Produce Clean Hydrogen Underground at Under $1/KG

Cleantech startup Vema Hydrogen announced that it has raised $13 million in a Seed funding round, with proceeds aimed at supporting its efforts to produce low-cost carbon-free hydrogen. Hydrogen is viewed as one of the key building blocks of the transition to a cleaner energy future, particularly for sectors with difficult to abate emissions, in which renewable energy solutions such as wind or solar are less practical. Around 90 million metric t…

3 days ago

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Tech Company News

Vema Hydrogen Secures $13M To Build A Clean Energy Future By Extracting Hydrogen From Rocks

Vema Hydrogen raises $13 million to develop pilot wells in North America using Stimulated Geologic Hydrogen (SGH) technology, which extracts hydrogen from iron-rich rocks through chemical reactions. This method offers a low-cost, low-carbon alternative to traditional hydrogen production by eliminating the need for fossil fuels or energy-intensive electrolysis. With backing from climate-focused investors, the company aims to scale its technology …

4 days ago

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citybiz

Vema Hydrogen Raises $13M Seed Funding

4 days ago

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Hydrogen Central

Vema Hydrogen Raises $13M in Seed Funding - Hydrogen Central

Vema Hydrogen Raises $13M in Seed Funding The round was co-led by Extantia Capital with Propeller Ventures with participation from Zero Carbon Capital, Pace Ventures and existing investor Grantham Foundation. The company intends to use the funds for the development of the first clusters of full-scale SGH pilot wells in North America. Founded by Florian Osselin and Pierre Levin, Vema was created at the venture studio Marble. Its Stimulated Geolog…

4 days ago

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