Trinity Capital committed $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems that produce green hydrogen.
“Electric Hydrogen’s game-changing electrolyzer plant has the potential to reduce the cost of green hydrogen while accelerating decarbonization in critical industries,” Ryan Little, senior managing director of equipment financing at Trinity Capital, said. “We are proud to support a leading American electrolyzer manufacturer as it scales rapidly to meet growing industrial demand for low-cost green hydrogen.”
The new equipment finance facility from Trinity is a key piece of the financing behind Electric Hydrogen’s giga-factory in Devens, MA, which will begin production in Q2/24.
“Electric Hydrogen manufactures the world’s most powerful electrolyzers to produce low-cost green hydrogen at industrial scale,” Derek Warnick, CFO of Electric Hydrogen, said. “Trinity Capital’s equipment financing enables us to quickly scale our manufacturing capacity at our state-of the-art Devens giga-factory to meet growing customer demand for zero-carbon green hydrogen.”
