HydroXpand has successfully closed its Pre-Series A investment round. Korea Investment Accelerator, Company K Partners, and IBK Capital joined as new shareholders. The investment will be directed toward advancing the development of anion exchange membrane electrolyzer stacks and scaling the 2 kW module to a 30 kW system. Byun Sang-hoon, analyst at Korea Investment Accelerator, stated: "HydroXpand possesses world-class AEM electrolyzer stack technology with the potential to transition the existing gray hydrogen system to a green hydrogen paradigm, which is why we decided to invest."
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This summary was written by HydroXpand. The full article is available on the publisher site.