1s1 Energy develops boron-based electrolysers that aim to make green hydrogen affordable, efficient, and scalable. Founded in 2019 by Daniel Sobek, Sukanta Bhattacharyya, Thiago Figueiredo and Prof. T Don Tilley, the company has adapted PEM technology using novel boron-based materials to boost efficiency and durability. Its electrochemical cell design yields more compact and efficient systems targeted at hard-to-abate industries such as steel production. The company announced a $1.4M Seed funding round and separately initiated a $2.3M electrolysis stack project with CEEE-G under Brazil's Aneel P&D program with support from CSN. The seed funds will be used to scale R&D, expand the team, and develop second-generation electrolysers designed to operate at higher temperatures to improve efficiency. Investors named in the article include Faber Ventures and Asiri LLC as leads, with participation from Rumbo Ventures, City Light, and Gibson Lane GmbH. 1s1 Energy is developing all-renewable green hydrogen production using water electrolysers. The company is planning a 300MW/year hydrogen plant that was sanctioned by the European Commission under the Hy2Tech IPCEI. Its electrolysis approach produces hydrogen from H2O with oxygen as the only discharge, and the firm also aims to develop improved materials for hydrogen fuel cells. 1s1 closed a $2.15 million seed round to advance planning and establish a green hydrogen R&D programme. Proceeds will be used to finish planning paperwork for the plant and to lay the foundations for the R&D effort. The Hy2Tech sanction links the project to public underwriting (up to €5.4bn) and expected private-sector funding opportunities (~€8.8bn).

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Oct 2024