Bill Gates-Backed Startup Plans Plant for Machine Key to Hydrogen Future
- Bill Gates-backed Electric Hydrogen to open first factory
- Plant will make machines that strip hydrogen from water
Photographer: Benjamin Girette/Bloomberg
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Startup Electric Hydrogen Co. plans to open its first factory for making electrolyzers — the machines at the heart of a future green hydrogen economy – in Massachusetts. It’s the latest in a wave of clean-tech manufacturing projects announced across the US.
The company, backed by Bill Gates’s Breakthrough Energy Ventures, has signed a lease for a partially built facility in Devens, located northwest of Boston, to house the factory. The plant will be a $90 million private investment and is expected to be commissioned late this year. Electric Hydrogen aims to begin shipping electrolyzers in mid-2024.