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Ecolectro
A polymer company making the materials that make clean fuels and chemicals
About Ecolectro
Ecolectro is a chemical company that has developed a way to make green hydrogen at a lower cost. The company manufactures anion exchange membranes (AEM) and proprietary catalysts that are used in electrolyzers. Electrolyzers are devices that split water into hydrogen and oxygen using electricity. By using Ecolectro's membranes, electrolyzer manufacturers can avoid using expensive and scarce materials like iridium and titanium, which are necessary for the more common proton exchange membrane (PEM) electrolyzers.
Ecolectro's technology combines the high performance of PEM electrolysis with the cost advantages of traditional alkaline electrolysis. This allows for the production of green hydrogen at a price that can compete with hydrogen produced from fossil fuels. The company's business model is to sell its membranes and catalysts to electrolyzer manufacturers. The target market is the growing green hydrogen industry, which is being driven by the need to decarbonize the transportation, industrial, and energy sectors.
Source: Dealroom company dataAt a glance
- Founded
- 2015
- Headquarters
- Ithaca, United States
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed10 investors entered at this stage
CenterState CEO
US National Science Foundation
US Department of Energy
TechstarsToyota Ventures
Energy Revolution Ventures
Caygan Capital
Starshot Capital
NYSERDA
State of New York
Series A5 investors entered at this stage
Launch NY
Plug and Play
DNX Ventures
New Climate Ventures
Banco Popular
Source: Dealroom Talent Intelligence.
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Market sentiment
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