In Minnesota, 3M said it has invested in EVOLOH, a cleantech company that’s working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient. “3M is excited about our investment in EVOLOH and the potential collaboration opportunities between our companies,” said Mark Copman, senior vice president, 3M New Growth Ventures. “3M has the opportunity to leverage our long-standing expertise in high volume membrane electrode assembly and shares EVOLOH’s vision to make clean and affordable hydrogen available around the world. 3M’s investment in EVOLOH fits well with the work 3M is doing to help support the hydrogen economy and move the planet toward a clean energy transition.” 3M Ventures, the venture capital arm of 3M, recently participated in EVOLOH’s $20 million Series A fundraising round, which will help the company scale up its manufacturing abilities. “This round of funding positions EVOLOH to lead the electrolyzer manufacturing market by transforming electrolyzer stacks into affordable, efficient hardware commodities made with 100% local supply chains,” said Dr. Jimmy Rojas, founder and CEO of EVOLOH.
More on the story.
