CleanTech

Light Ray Ventures Backs HyWatts to Revolutionize Green Hydrogen Economics

December 16, 2024

Light Ray Ventures supports HyWatts, participating in their latest funding round. This innovative startup is tackling one of clean energy's most pressing challenges: making green hydrogen economically viable. HyWatts has developed a breakthrough HTPEM (High-Temperature Proton Exchange Membrane) Reversible Fuel Cell technology that combines both electrochemical processes in a single cell, significantly reducing complexity and costs in green hydrogen production

«We believe HyWatts has identified not only the right problem to solve but also the right technological approach to address real market needs», says Dima Bovykin, Managing Partner at Light Ray Ventures

«Their solution has the potential to make green hydrogen commercially competitive, which is crucial for the clean energy transition»

About HyWatts

The unique single-cell design of HyWatts' technology represents a significant advance in reversible fuel cell technology, offering a more efficient and cost-effective approach to green hydrogen production compared to traditional methods