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.
- Headquarters
- Seattle, Washington
- Employees
- 1–10
- Founded
- 2023
- Business Model
- B2B
- Website
- peregrinehydrogen.com
- 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
Sep 2023
Investors
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