€42M Funding Boosts Stargate Hydrogen’s Green Energy Innovations

Stargate Hydrogen has introduced "Stardust," a groundbreaking catalyst designed to revolutionize the efficiency of electrolysis in alkaline electrolysers. By harnessing the power of ceramic materials, Stardust significantly enhances electrolysis efficiency while simultaneously slashing capital costs.

This innovative catalyst represents a major leap forward in hydrogen production technology, offering a more cost-effective and sustainable solution for generating hydrogen. With Stardust, alkaline electrolysers can achieve unprecedented levels of performance, unlocking new possibilities for clean energy production and storage.Stargate Hydrogen, an Estonian green hydrogen company, has announced the successful completion of its seed funding round, securing €42 million in financing. This significant investment is led by UG Investments, with additional grant financing provided through the IPCEI (Important Project of Common European Interest) framework for hydrogen technologies, along with contributions from other investors and grants.

Stargate Hydrogen's innovative technology, exemplified by its groundbreaking catalyst "Stardust," sets it apart from conventional electrolysers. By utilizing ceramic materials and a unique development approach, the company has achieved remarkable results, including reducing the cost of green hydrogen production to €1 per kilogram. This achievement represents a major milestone in advancing green energy technologies and accelerating the transition to a sustainable future.

Stargate Hydrogen enhances the reliability and effectiveness of alkaline technology by introducing a novel catalyst material that surpasses existing alternatives in terms of activity and performance. Unlike traditional catalysts that rely on precious metals, Stargate's solution utilizes ceramic-based materials, offering a more cost-effective and sustainable approach to hydrogen production.

By leveraging this innovative catalyst, Stargate achieves a substantial reduction in the levelized cost of hydrogen while maintaining the proven reliability of alkaline technology. This breakthrough represents a significant advancement in the field of green energy, paving the way for more efficient and affordable hydrogen production methods.In addition to its innovative catalyst, Stargate has developed its proprietary stack and system design. Drawing inspiration from the rapid advancements in lithium-ion battery technology over the past 15 years, Stargate approaches electrolysis with a similar mindset, viewing it as a battery system.

This forward-thinking approach allows Stargate to apply the learnings from the rapid developmental cycles of lithium-ion batteries to the design and optimization of its electrolyser systems. By adopting proven principles and methodologies from the battery industry, Stargate is able to accelerate the development process, improve efficiency, and enhance overall performance.In essence, Stargate's unique development approach enables it to leverage insights and innovations from one industry to drive progress and innovation in another, ultimately leading to more efficient and cost-effective hydrogen production solutions.

Stargate's comprehensive IP portfolio encompasses all aspects of its electrolyzer system, ranging from materials and electrodes to stack design and control systems. This robust portfolio underscores Stargate's commitment to innovation and its dedication to advancing hydrogen production technology across all levels of the system.The successful deployment of Stargate's electrolyzer technology is already underway, with initial installations operational in the field. Notably, Utilitas, a prominent renewable energy developer in the Baltic Sea region, is among the offtake customers benefiting from Stargate's cutting-edge solutions.

In addition to its technological advancements, Stargate Hydrogen is pleased to announce the appointment of Taavi Madiberk as the company's Non-Executive Chairman. Taavi Madiberk, the founder and CEO of Skeleton Technologies, brings a wealth of experience and expertise in the field of energy storage technologies, particularly in graphene-based supercapacitors. His appointment further strengthens Stargate's leadership team and positions the company for continued success and growth in the green energy sector.