JERA Co., Inc., through its investment arm JERA Ventures, has committed approximately $2 million to Power to Hydrogen, a company specialising in the design and manufacture of advanced hydrogen production systems using water electrolysis. This investment aligns with JERA’s long-term goal of achieving zero CO2 emissions by 2050.
Power to Hydrogen, based in Columbus, Ohio, USA, is at the forefront of developing innovative anion-exchange membrane electrolyzers. These electrolyzers produce hydrogen from water and electricity at a low cost, utilising earth-abundant materials. One of the primary challenges with AEM technology has been ensuring stability. However, Power to Hydrogen has successfully overcome this hurdle with its unique device configuration. Additionally, the company’s electrolyzers boast a rapid response time, enabling them to be integrated directly with variable clean energy sources for hydrogen production.
JERA’s investment in Power to Hydrogen is part of its broader strategy to transition existing natural gas and coal power plants to hydrogen and ammonia, significantly reducing carbon emissions. Achieving this transition requires a robust, clean, and cost-effective hydrogen supply chain. Power to Hydrogen’s technology presents a promising solution to this challenge, offering a pathway to cleaner energy production.
Through JERA Ventures, JERA aims to foster the growth of innovative startups like Power to Hydrogen. By leveraging its position as one of the world’s largest energy companies, JERA plans to support the co-creation of technologies that contribute to the realization of a decarbonized society. This investment is a significant step towards building a sustainable and environmentally friendly energy future.
For more information visit www.jera.co.jp
