EvolOH

Overview

EvolOH is a cleantech company focused on developing advanced hydrogen production technologies through electrolyzers. Founded in 2020 by Dr. Jimmy Rojas, the company is based in Santa Clara, California. EvolOH's key innovation lies in its NautilusTM series of electrolyzers, which utilize advanced alkaline electrolysis technology to efficiently produce green hydrogen. The company has raised a total funding of approximately $20 million, notably receiving investment from Engine Ventures, as well as support from 3M Ventures and NextEra Energy Resources.

Recent Developments

• March 2024: EvolOH successfully closed a $20 million Series A funding round led by Engine Ventures, with participation from 3M Ventures and NextEra Energy Resources. This funding will facilitate the scaling up of their electrolyzer production to meet growing demand for green hydrogen technology.
• January 2024: EvolOH announced the relocation of its headquarters to Bassett Technology Park in Santa Clara, California. The move aligns with its strategic expansion plans to enhance research and development activities, supported by its Manufacturing Center of Excellence in Lowell, Massachusetts.
• September 2023: EvolOH began outfitting what is poised to be the world's largest green hydrogen electrolyzer manufacturing plant in Lowell, Massachusetts. The plant will have a production capacity of up to 3.75 gigawatts (GW) per year and is expected to reach full manufacturing capability by 2025.
• July 2023: Partnership with SoCalGas led to a project that successfully reduced electrolyzer production costs by 25%, significantly impacting the affordability and scalability of green hydrogen technology.
• August 2023: EvolOH expanded its operations in the hydrogen sector by focusing on the development of more sustainable, cost-effective electrolyzers using domestic materials.

Company Information

Attribute	Information
Founding Date	2020
Headquarters	Santa Clara, California, United States
Founders	Dr. Jimmy Rojas
Revenue	Information not publicly disclosed
Profits	Information not publicly disclosed
Key Investors	Engine Ventures, 3M Ventures, NextEra Energy Resources
Industry	Cleantech, Green Hydrogen Production
Number of Employees	Information not publicly disclosed
Subsidiaries/Major Products	NautilusTM electrolyzer stacks

Early History

EvolOH was founded in 2020 by Dr. Jimmy Rojas, who envisioned transforming the hydrogen production industry by focusing on innovative manufacturing techniques. Recognizing the limitations of existing hydrogen production methods, Dr. Rojas applied his expertise from Stanford in hydrogen production and energy systems to develop EvolOH's proprietary Anion Exchange Membrane (AEM) electrolyzer technology. Initially operating from Palo Alto, California, EvolOH's commitment to using non-precious materials and advanced manufacturing techniques quickly captured the interest of industry leaders and investors, setting the stage for its rapid expansion and technological advancements.

Company Profile and Achievements

EvolOH is at the forefront of the green hydrogen market, primarily through its NautilusTM series of electrolyzer stacks. These products leverage advanced alkaline technology combined with efficient manufacturing processes to produce clean hydrogen at reduced costs.

• Key Milestones and Innovations:
  1. EvolOH's electrolyzers are designed for high-speed manufacturing and do not require precious metals, significantly reducing production costs and enhancing scalability.
  2. The company has successfully reduced capital and operational expenditure in hydrogen plants by employing low-cost power electronics and avoiding corrosive electrolytes.
  3. EvolOH's technology supports the global push towards renewable energy, aiming to fulfill hydrogen production at the gigawatt scale efficiently.
• Strategic Partnerships and Collaborations:
  • Collaborations with industry giants like 3M Ventures and NextEra Energy underscore EvolOH’s commitment to industrial-level scalability and integration of clean hydrogen solutions.
  • EvolOH actively engages in partnerships that help refine production efficiency and expand its market reach.

Current Operations and Market Position

EvolOH currently operates as a leader in green hydrogen technology, emphasizing the development and commercialization of efficient, affordable electrolyzers. The company strategically expands its operations through the establishment of a Manufacturing Center of Excellence in Massachusetts and relocating its headquarters to Santa Clara, California, to enhance research capabilities. With the support of key investors and collaborators, EvolOH is positioned to significantly influence the green hydrogen market, focusing on reducing the cost of hydrogen production while increasing accessibility and efficiency of its technologies.

Conclusion

EvolOH continues to emerge as a pivotal player in the renewable energy sector. By leveraging state-of-the-art electrolyzer technology, the company addresses key industry challenges of cost and scalability in hydrogen production. With substantial recent funding and strategic partnerships, EvolOH is well-placed to lead the transition towards widespread adoption of green hydrogen, thereby contributing to global decarbonization efforts. Its focus on efficient manufacturing and innovative technology paves the way for a sustainable energy future with significant potential impact on the industry.