Phoenix Hydrogen

phoenixhydrogen.com
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Company Overview

Phoenix Hydrogen is an industrials company focused on the energy sub-industry. With locations in Berkeley, CA, and a remote workforce, the company specializes in high-volume, low-cost hydrogen hubs in partnership with leading energy companies. They aim to unlock grid-scale hydrogen, enabling renewable energy to replace more fossil fuels. Phoenix Hydrogen is a graduate of the Y-Combinator batch W22.

Investment and Capital

Phoenix Hydrogen raised a pre-seed funding round of $2 million. The investment round saw participation from Climate Capital, Liquid2 Ventures, the Shared Future Fund, Soma Capital, and Y Combinator. These funds are being utilized to expand their team and accelerate their hydrogen-based initiatives.

Team and Expansion

Starting with a team of 2, Phoenix Hydrogen has expanded by adding five new part-time and full-time contributors. These roles span various disciplines, including design, engineering, project development, and analysis. The company operates both from their Berkeley location and remotely, covering regions such as the United States, America/Canada, and fully remote.

Products and Services

Phoenix Hydrogen offers a range of solutions focused on hydrogen energy. Their main offerings include the development of hydrogen hubs, a platform for hydrogen marketplace and hub formation, and geological storage solutions for hydrogen. Additionally, major developers are leasing at their undisclosed first site to speed up development timelines and cut down on costs, benefiting from resources like water, solar, wind, transmission, and low-cost hydrogen storage.

Regulatory and Governance

Phoenix Hydrogen has announced its governance board membership in SHINe, a leading DOE H2Hubs consortium. This involvement underscores their commitment to advancing hydrogen technology and regulatory standards in the energy sector.

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