H2Pro has broken ground on its new hydrogen production facility (F1) in the Tzipporit industrial zone in Israel.
The 600 MW facility is the first of its kind in Israel, where H2Pro will produce cost-effective systems for producing green hydrogen from water and electricity.
These systems are based on H2Pro’s innovative and patented E-TAC (Electrochemical – Thermally Activated Chemical) technology. By the end of 2023, the factory should be up and running. Once operational, it will create over 100 new jobs.
H2Pro is developing a water-splitting device, expected to reach an unprecedented 95% efficiency that will cost less than any electrolyser today.
Monarch Energy receives its first investment from Lancium
Monarch Energy (a California-based developer focused on green hydrogen projects across North America) has received its first investment from Lancium (an energy technology and infrastructure company).
The investment supports Monarch Energy’s mission to decarbonise the existing hydrogen production market in the US and marks the company’s first capital infusion by an outside partner.
Monarch Energy provides project development, contract negotiation, acquisitions and financing to bring green hydrogen projects to market.
Ben Alingh, Co-Founder and President of Monarch Energy, said, “This investment will enable us to aggressively pursue new initiatives to create an ecosystem where green hydrogen projects can flourish.”
Michael McNamara, CEO and Co-Founder of Lancium, added, “Our shared goal of achieving a cleaner energy future through new and innovative uses of renewable energy makes Monarch a natural fit.”