Peregrine Hydrogen Inc
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Peregrine Hydrogen Inc - overview
Established
2023
Location
Santa Cruz, CA, US
Primary Industry
Chemicals
About
Based in California, US, and co-founded by Matt Shaner (CTO), Stefan Omelchenko, Ian McKay, and Friðrik Lárusson (CEO) in 2023, Peregrine Hydrogen Inc. , a spin-out of the climate technology incubator Orca Sciences, operates as a climate technology company specializing in clean hydrogen manufacturing In September 2023 the firm raised USD 7. 8 million in seed funding led by investor Bidra, with participation from investors Builders, Gates Frontier, Presidio Ventures, RiSC Capital and Schox. The company focuses on producing clean hydrogen without the associated environmental and financial costs.
Peregrine has developed a dual-production method that combines clean hydrogen production with valuable industrial chemicals. The company by harnessing the unique chemical properties of feedstocks, significantly reduces energy consumption and simultaneously generates high-value co-products, streamlines supply chains, and delivers strategic benefits to its customers. The result is cost-effective, clean hydrogen production that does not rely on government subsidies.
Current Investors
Presidio Ventures, Builders VC, RiSC Capital Corp
Primary Industry
Chemicals
Sub Industries
Environmental Services, Molecular Chemicals
Website
www.peregrinehydrogen.com/
Verticals
Clean Technology, Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
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