HydGene Renewables raises $6m in Seed funding for green hydrogen solution

Virescent Ventures has backed HydGene Renewables, a new Australian company that has developed an alternative green hydrogen solution that turns biomass into hydrogen in a process that is both renewable and carbon negative.  

The HydGene technique uses novel biocatalysts to convert the sugars derived from organic waste, including agricultural waste, into valuable products like hydrogen. The process takes place in HydGene-designed modular plants, enabling localised green hydrogen production in rural and remote areas, where the cost of transporting hydrogen can be high. 

To read the full article: https://www.cefc.com.au/media/media-release/cefc-backs-new-green-hydrogen-technology-turning-waste-into-super-energy/