Peregrine Hydrogen

Clean hydrogen without the green premium

Peregrine Hydrogen was founded in 2023, is headquartered in Seattle, United States, lists 1–10 employees, and has $7.8M in recorded funding across 1 round.

Employees
1–10
Founded
2023
Business Model
B2B
Total Funding
$7.8M
Last Round
$7.8M SeedSep 2023
Rounds
1

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 1 funding round and 4 investors for this company. The full record is or through the API.

About

Peregrine Hydrogen is a Seattle-based climate technology company pioneering a dual co-production electrolyzer technology that simultaneously produces green hydrogen and valuable industrial chemicals such as sulfuric acid, using approximately 50% less energy than conventional electrolysis. Founded in 2023 by Stefan Omelchenko, Matthew Shaner, and Fridrik Lárusson—spun out of Bill Gates-backed research efforts—the company raised $7.8 million in seed financing in September 2023. Peregrine's approach generates revenue from both hydrogen and the valuable co-produced chemicals, making green hydrogen economically competitive without a premium over fossil-fuel alternatives. The company has signed a Letter of Intent with OCP Group, a major fertilizer producer, and is partnering with Tasmania Energy Metals to deploy its electrolyzer in an integrated nickel and iron production project.

Summary

Peregrine Hydrogen is a Climate Tech company based in Seattle, United States, founded in 2023. It lists 1–10 employees. It has raised $7.8M in total across 1 round, most recently a $7.8M Seed round in Sep 2023. Investors include Bidra Innovation Ventures, Gates Frontier and Presidio Ventures.

Tech & App Stack

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Funding History

SeedSeed RoundSep 2023
$7.8M

Investors

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