Hiiroc

Hiiroc

Developing and commercialising its plasma torch technology in the production of hydrogen from biomethane, flare gas and natural gas through Thermal Plasma Electrolysis. Learn more
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DateInvestorsAmountRound
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N/A

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N/A

Seed
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£10.0m

Growth Equity VC
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£16.0m

Early VC
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N/A

Grant
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£4.0m

Late VC
Total Funding€36.0m

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HiiROC is a startup that operates in the clean energy sector, specifically focusing on the production of low-cost, zero-emission hydrogen through a patented process known as Thermal Plasma Electrolysis. This innovative technology is a game-changer in the hydrogen production industry, offering a cost-effective and environmentally friendly alternative to traditional methods.

The company's target market includes sectors ranging from power generation to industrial decarbonisation, essentially any industry that requires hydrogen as a fuel source. HiiROC's technology is versatile, allowing for both centralized and local production at pressure, which results in significant savings on transport, storage, and compression costs. The scalability of the technology also allows for production volumes to range from industrial scale (hundreds of tonnes per day) to small modular units (hundred kg per day).

HiiROC's business model is based on leveraging its patented technology to tap into the burgeoning hydrogen fuel market, which is projected to be worth $2.5 trillion by 2050. The company's competitive edge lies in its ability to produce hydrogen at a fraction of the cost and energy of water electrolysis, and without the need for Carbon Capture, Usage and Storage (CCUS), which is a process used to capture and store or reuse carbon dioxide emissions.

In addition to hydrogen, HiiROC's process also creates a valuable, zero-emission by-product: Carbon Black, which can be sold for additional revenue.

In summary, HiiROC is a promising startup with a unique, patented technology that could revolutionize the hydrogen production industry, making it a potential key player in the transition towards a more sustainable, low-carbon economy.

Keywords: Hydrogen Production, Clean Energy, Zero-Emission, Thermal Plasma Electrolysis, Decarbonisation, Scalable Technology, Carbon Capture, Usage and Storage (CCUS), Carbon Black, Sustainable Economy.

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