Stargate Hydrogen, a developer of next-generation electrolyser stacks and systems, has successfully raised €11 million in a Series A funding round from strategic customers and financial investors. The investment will accelerate the company’s mission to lower the cost of green hydrogen production by improving efficiency and reducing reliance on precious metals.
Revolutionizing Green Hydrogen with Advanced Technology
Green hydrogen is essential for decarbonizing industries such as steel production and chemicals manufacturing. Stargate Hydrogen’s proprietary electrolyser stack technology is designed to enhance the reliability and efficiency of hydrogen production while minimizing equipment degradation, ensuring higher returns on investment for project developers.
Instead of conventional precious metal catalysts, Stargate utilizes ceramic-based catalyst materials, enabling:
✔ Lower energy consumption
✔ Reduced capital investment requirements
✔ Increased efficiency and reliability across the project lifecycle
The performance of Stargate’s stacks has been independently validated by ZSW Stuttgart, one of Europe’s leading electrolysis test centers. Additionally, the company’s breakthrough technology has been recognized as an Important Project of Common European Interest (IPCEI) by the European Commission.
Strong Backing from Industry Leaders
The financing round includes investments from renewable energy and utility players, including Giga and UG Investments, alongside SmartCap Green Fund, a state-backed venture capital fund focused on greentech innovation.
“We are thrilled to welcome SmartCap and Giga as investors, alongside additional backing from UGI. Having strategic customers invest in Stargate Hydrogen is the strongest validation of our technology and business model. This funding gives us the firepower to scale manufacturing, enhance production capabilities, and deliver electrolysis solutions that significantly lower the cost of green hydrogen.”
— Marko Virkebau, CEO of Stargate Hydrogen
“We invested in Stargate Hydrogen because of their highly innovative approach, strong customer base, and impressive unit economics. Scaling up green technology manufacturing is critical to the energy transition, and our investment aligns with our strategic mission to drive sustainable energy adoption.”
— Sille Pettai, CEO of SmartCap and Manager of SmartCap Green Fund
Next Steps: Scaling Manufacturing and Strategic Partnerships
With this funding, Stargate Hydrogen will:
✅ Expand manufacturing capacity to meet increasing demand
✅ Enhance internal testing and R&D capabilities
✅ Strengthen strategic partnerships with global hydrogen leaders
The company was recently selected by Fortum, a major Nordic energy provider, to supply alkaline electrolysis technology for its hydrogen plant in Loviisa, Finland. This project further establishes Stargate as a key player in Europe’s green hydrogen ecosystem.
By driving down costs and improving efficiency, Stargate Hydrogen is positioned to accelerate the global transition to a clean hydrogen economy.
