Supercritical Solutions, a leading innovator in green hydrogen production technology, today announced the successful completion of a £14 million ($17.4 million) Series A investment round, co-led by Shell Ventures and Toyota Ventures. With this funding, Supercritical plans to scale its proprietary electrolyser technology to pilot scale with trusted partners.
The funding round saw follow-on investment from seed investors Lowercarbon Capital and Anglo American Platinum and attracted new investment from a global consortium including Al Mada Ventures, Blackfinch Ventures, Kibo Invest, Niterra / Global Brain, TOP Ventures (Thai Oil), Earth Ventures, and Alumni Ventures. The round brings a wealth of expertise and resources from Shell Ventures and Toyota Ventures to support Supercritical’s global ambitions in scaling.
“Supercritical Solutions’ unique membraneless electrolyser has the potential for groundbreaking energy efficiency that is critical to bringing down the levelised cost of hydrogen,” said Ethan Sohn, Principal, Toyota Ventures. “We are delighted to support the team on their path to scaling their technology, as cost-effective green hydrogen is essential for decarbonising hard-to-abate industries.”
“Supercritical’s breakthrough electrolyser technology represents a step-change in green hydrogen production, offering a scalable and cost-effective solution to accelerate the global energy transition,” said Omar Laalej, Managing Director at Al Mada Ventures. “Morocco is making a generational commitment to green hydrogen, with its ‘Morocco Offer’, to which we see immense potential for Supercritical’s technology to play a key role in this ecosystem, and we’re excited to support their journey in reshaping the future of hydrogen.”
Supercritical is confident that it can lower hydrogen production costs to compete with fossil fuel production, catalysing the shift from grey to green energy across industries. Supercritical’s high-pressure, ultra-efficient membraneless electrolyser delivers hydrogen at pressures exceeding 220 bar with over 99% hydrogen purity. Their systems will achieve world leading efficiencies, with energy demand as low as 42kWh/kgH2. Their approach dramatically reduces operational costs and overcomes key industry challenges, offering scalable solutions without the use of forever chemicals (PFAS), membranes, iridium and rare earth metals.
“Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future,” said Matt Bird, CEO of Supercritical. “This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”
Supercritical has now formally launched its waiting list, having already secured several key commercial commitments, the company hopes the waiting list will ensure that those looking to deliver on their net-zero goals cost effectively can secure their future with Supercritical.
