Vema Hydrogen: Revolutionizing Hydrogen Production with SGH Technology
Deal News | Feb 18, 2025 | Zero Carbon Capital
Zero Carbon Capital has announced an investment in Vema Hydrogen, a company pioneering Stimulated Geologic Hydrogen (SGH) technology. This innovation could revolutionize the hydrogen industry by enabling affordable, scalable, and clean hydrogen production below $1/kg. Such cost-effective hydrogen production can significantly contribute to decarbonization efforts across various industries. Vema Hydrogen's SGH technology circumvents the limitations of traditional hydrogen production methods, including the need for large amounts of renewable electricity or the use of fossil fuels. Backed by a $13 million seed round with support from Extantia Capital, Propeller Ventures, Pace Ventures, and the Grantham Foundation, Vema aims to develop its first industrial-scale pilot wells in North America. The founders, Florian Osselin and Pierre Levin, bring a unique combination of scientific innovation and industry expertise. Their approach promises to address the growing global demand for clean hydrogen and facilitate the energy transition.
Sectors
- Clean Energy
- Hydrogen Production
- Venture Capital
Geography
- North America – Vema Hydrogen plans to develop its pilot wells in North America, making it a significant geography for their operations.
- France – The venture studio Marble, which united Vema's founders, is based in Paris, France, indicating its geographical importance.
Industry
- Clean Energy – The article is centered around clean energy solutions, specifically hydrogen production as an alternative to fossil fuels.
- Hydrogen Production – The focus is on Vema Hydrogen's innovative SGH technology that could transform hydrogen production by providing a low-cost and scalable solution.
- Venture Capital – Zero Carbon Capital and other investors are involved in funding the innovative technology, which is a key part of venture capital activities.
Financials
- $13 million – Total amount raised in the oversubscribed seed funding round for Vema Hydrogen.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vema Hydrogen | Target Company | Company | A company pioneering Stimulated Geologic Hydrogen (SGH) technology for cost-effective hydrogen production. |
| Zero Carbon Capital | Investor | Company | A private equity firm investing in Vema Hydrogen to support their innovative clean energy technology. |
| Extantia Capital | Co-lead Investor | Company | A venture capital firm co-leading the seed funding round for Vema Hydrogen. |
| Propeller Ventures | Co-lead Investor | Company | A venture capital firm participating in the seed funding round for Vema Hydrogen. |
| Pace Ventures | Investor | Company | An investor part of Vema Hydrogen's seed funding round. |
| Grantham Foundation | Investor | Company | A foundation supporting Vema Hydrogen's innovative clean energy technology. |
| Marble | Venture Studio | Company | A Paris-based venture studio that brought together Vema Hydrogen's founders. |
| Florian Osselin, PhD | Co-founder | Person | Co-founder of Vema Hydrogen and creator of the SGH technology. |
| Pierre Levin | Co-founder and CEO | Person | Co-founder and CEO of Vema Hydrogen, an industry veteran with expertise in deploying new technologies. |