# Power to Hydrogen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/power-to-hydrogen

- Industry: Renewable Energy
- Headquarters: Columbus, US
- Website: www.power-h2.com
- Total disclosed funding: $10M
- Latest round: Series A (Aug 19, 2024)
- Investors on record: 11

## About

Founded in 2020 and based in Ohio, US, Power to Hydrogen, LLC operates a sustainable energy company that focuses on advancing hydrogen technology. In March 2025, Power to Hydrogen, LLC raised an undisclosed amount of series A funding led by new investor ALIAD. The firm, as of 2025, is led by its co-founders, Paul Matter (Technology Lead) and Christopher Holt (Finance and Operations lead). Power to Hydrogen specializes in hybrid electrolysis technology to support the transition to a clean energy economy. It provides cost-effective, high-pressure hydrogen and pressurized oxygen for diverse industrial applications, including efuels production, petroleum refining, and steelmaking. The company’s core product is its hybrid liquid alkaline/membrane electrolyzer, designed for on-site hydrogen generation and energy storage. This technology offers significant benefits, such as low-cost production, compatibility with renewable energy sources, and efficiency, leveraging earth-abundant materials and eliminating the need for rare elements like iridium. The company plans to utilize the August 2024 funding to support the company's expansion and development of its supply chain. It also plans to reduce hydrogen production costs to USD 2 per kg, making it a viable alternative to fossil fuels. The company will use the March 2025 funding to scale up its hybrid anion exchange membrane (AEM) electrolysis technology and expand the deployment of commercial electrolysis systems.

## Funding rounds

- Series A, Aug 19, 2024, $10M — E.ON, American Electric Power, Finindus, Rev1 Ventures, Worthington Enterprises, EDP Ventures, Jera Capital, INP Capital, Asahi Kasei Corporate Venture Capital, FH Capital, ESB Invest Vorpommern GmbH

## Investors

- E.ON — Series A
- American Electric Power — Series A
- Finindus (https://capitalatlas.ai/funds/finindus) — Series A
- Rev1 Ventures (https://capitalatlas.ai/funds/rev1-ventures) — Series A
- Worthington Enterprises — Series A
- EDP Ventures (https://capitalatlas.ai/funds/edp-ventures) — Series A
- Jera Capital (https://capitalatlas.ai/funds/jera-capital) — Series A
- INP Capital (https://capitalatlas.ai/funds/inp-capital) — Series A
- Asahi Kasei Corporate Venture Capital — Series A
- FH Capital (https://capitalatlas.ai/funds/fh-capital) — Series A
- ESB Invest Vorpommern GmbH — Series A