Hiiroc has completed a funding round
Hiiroc turquoise hydrogen technology secures funding
Technology based on thermal plasma electrolysis well positioned for commercialisation, says firm
Hiiroc, a UK-based company developing ‘turquoise’ clean hydrogen technology, has completed a £26mn ($35mn) funding round with commitments from two new investors. The technology converts biomethane, flare gas or natural gas into clean hydrogen and carbon black—a solid carbon byproduct that has applications in the manufacture of tyres and building materials as well as a soil enhancer—via electrolysis using thermal plasma. London-listed hydrogen investment fund HydrogenOne Capital Growth and UK-based engineering sector investor Melrose Industries have this week provided financial backing to the firm. “We are now very well positioned to move to commercialisation” Davies, Hiiroc Existing
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