3M invess in hydrogen electrolyzer manufacturer EVOLOH

3M has invested in EVOLOH, a cleantech company that’s working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient. Electrolyzers work by using electricity to separate the atoms in water. The result is hydrogen that can be used as clean fuel or chemical reactant to replace fossil fuels in industries that are traditionally difficult to decarbonize or abate, like steel production and aviation. EVOLOH takes an innovative approach to manufacturing electrolyzers with core components that do not require precious metals or rare earth materials and are made from abundant materials like steel, plastic and aluminum. That means lower cost electrolyzer modules for users, as well as lower costs for installation and maintenance. 3M Ventures, the venture capital arm of 3M, recently participated in EVOLOH’s $20M Series A fundraising round, which will help the company scale up its manufacturing abilities.