The startup just secured a $6.4 million Series A from impact investors Climentum and Ship2B.A Barcelona-based startup hoping to make hydrogen power cheaper, more efficient, and durable, just nabbed 6 million euros in Series A funding.
Sustainable hydrogen is expected to play a big role in the decarbonized world. McKinsey tipped demand to reachElectrodes are the"heart" of hydrogen, Jolt cofounder and CEO Leon Rizzi told Insider, but they are"genuinely not fit for purpose." Current processes of making electrodes are slow and energy intensive, which makes them expensive, Rizzi said. The startup hopes to bring down the cost of alkaline and AEM-activated electrodes, its current focus, while also increasing durability.
Layers of coating can lead to cracking and flaking, which means electrodes can deactivate or become less efficient, and aren't as durable as they should be, Rizzi added."It's like saying we're going to sell you a car that does 100 miles an hour this year at the next 60 the year after. Oh, in about four or five years, it's gonna break and you're gonna have to replace the whole motor.
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