3M invests in EVOLOH hydrogen technology

American multinational science technology company 3M has invested into EVOLOH to help scale up its green hydrogen production technology. The design of EVOLOH’s electrolyzers – used in the manufacture of hydrogen –  features an ‘innovative approach,’ notes the 3M Company, describing ‘core components that do not require precious metals or rare earth materials’. Instead, the electrolyzers are made from materials like steel, plastic and alimunium, resulting in lower costs for purchase, installation and maintenance. “3M has the opportunity to leverage our long-standing expertise in high volume membrane electrode assembly and shares EVOLOH’s vision to make sure clean and affordable hydrogen is available around the world,” explained Mark Copman, senior vice president of 3M New Growth Ventures. “3M’s investment in EVOLOH fits well with the work 3M is doing to help support the hydrogen economy and move the planet toward a clean energy transition”. 3M’s venture capital arm 3M Ventures recently participated in EVOLOH’s $20 million Series A fundraising round, which will help the company scale up its manufacturing potential.