H2U Technologies, a green hydrogen startup, has raised an $11 million Series A funding round led by Jericho Energy Ventures, Axios has learned. The company aims to avoid using rare and expensive platinum group metals, such as palladium, to produce hydrogen gas. The firm, headquartered in a new, 25,000-square-foot facility in Chatsworth, California, has developed low-cost electrolyzers it hopes will provide the means to produce green hydrogen at a lower cost than competitors. Its technology was developed largely at Caltech, using funding from Energy Department, said H2U Technologies president and CEO Mark McGough, in an interview. : “Our products can be used to be stacked up and used to take all of the output of curtailed renewable resources and generate hydrogen, store it and use it later to generate electricity or use it for industrial processes," McGough told Axios. Full story: https://www.axios.com/green-hydrogen-company-h2u-raises-11-million-ae9c00b0-830f-4ec9-b277-ab1bb0f9e797.html