Being developed on the Tzipporit Industrial Zone, the facility will produce cost-effective systems to generate green hydrogen from water and electricity.

These innovative systems will be based on a new patented technology called Electrochemical – Thermally Activated Chemical (E-TAC) with the facility also expected to be operational in 2023.

Read more: Breakthrough technology could produce green hydrogen at $1/kg

The technology is a breakthrough for the hydrogen industry having a 95% efficiency rate whilst also costing less than an electrolyser to create, H2Pro said.

Once operational, these systems will enable the production of hydrogen at scale for a rate around $1/kg in the second half of the decade meaning further cost-competitive hydrogen will enter the markets and allow companies to transition to cleaner solutions.

The company has also received a total pf $107m in funding from the likes of ArcelorMittal, Yara Growth Ventures, and Companhia Siderugica Nacional.

Talmon Marco, CEO of H2Pro, said, “Four years ago, I got on a call with Gidi, Avner and Hen. A call which was to bring to life a new company, conceived at the Technion, dedicated to solving the greatest challenge of our generation – the climate crisis. Making the world better, for us, for our children and for generations to come.

“Today, there are almost a hundred of us, innovating at a breakneck pace. Working hard to bring hydrogen to the world at an unparalleled efficiency. Affordable. Renewable. Green.”

“Our achievements to date, impressive as they may be, are just the beginning of a journey. We’re just getting started. H2Pro is more than just a business. It is a vision. It is a mission. Our mission.”

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