Honeywell Ventures invests in Electric Hydrogen’s Series B round financing

In North Carolina, Honeywell Ventures has contributed to Electric Hydrogen’s Series B round financing. Honeywell joins a select group of investors and banks to bring the total funding for the round to $198M.

Electric Hydrogen (EH2) is developing a new generation of electrolyzer technologies to split water into hydrogen and oxygen, which when powered by renewable energy like wind and solar, creates green hydrogen. The funding will support the scale-up of EH2’s high throughput electrolyzer and manufacturing technology and deployment of pilot projects at large scale for industrial and infrastructure applications.

Honeywell’s investment and increased collaboration with Electric Hydrogen allows Honeywell to better understand and support the needs of the electrolyzer industry.