Calgary-based Ayrton Energy has raised $6.8 million in seed financing to develop its liquid organic hydrogen carrier (LOHC) technology. The funding round, led by Clean Energy Ventures and BDC Capital, aims to help Ayrton expand its operations and scale its hydrogen storage system.
Ayrton’s LOHC allows hydrogen to be stored at room temperature and low pressure, solving a major challenge in hydrogen transport and storage. The company has already begun a pilot program in Alberta with ATCO Gas. Ayrton’s technology is expected to significantly contribute to decarbonizing industries such as aviation and shipping.
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