Today, Electric Hydrogen is announcing a $100M corporate credit financing led by HSBC, with participation from J.P. Morgan, Stifel Bank and Hercules Capital.
Our mission to make green hydrogen an economic inevitability is stronger than ever with the support of this new credit facility, unique in today’s green hydrogen industry. We are honored to work with some of the largest and most highly esteemed banks to grow our business that is focused on decarbonizing industries like steel, fertilizer, shipping and more.
“For more than 150 years, HSBC has been supporting businesses as they scale and transform industries worldwide,” said Matt Perlow, Director, HSBC Innovation Banking. “Clean technology and sustainability remain top priorities at HSBC, and we are thrilled to support Electric Hydrogen’s deployment of large-scale electrolyzer plants in its mission to decarbonize critical industries.”
This announcement comes off the tails of an exciting few months for Electric Hydrogen – we most recently celebrated the opening of our Devens, MA gigafactory, one of the largest electrolyzer factories in the world, and announced a 1GW Framework Agreement with the AES Corporation, a GW-scale global energy developer.
Read the announcement here ➡️ https://lnkd.in/gW_pAXue