EIC Rose Rock has made its first direct investment in Aurora Hydrogen, participating in a $10 million fundraising round to advance technology that produces zero-emission hydrogen from natural gas.

Information on the Target

Aurora Hydrogen is at the forefront of clean hydrogen production, specializing in a groundbreaking technology that efficiently converts natural gas into hydrogen while producing no carbon dioxide (CO2) emissions. The company leverages microwave energy to transform methane into hydrogen and solid carbon, ensuring a sustainable approach to energy production. Founded in 2021 and headquartered in Edmonton, Canada, Aurora Hydrogen is positioned to significantly impact the energy sector's decarbonization efforts.

The recent investment by EIC Rose Rock and its partners will aid in scaling Aurora's operations. Specifically, the financing will support the construction of a demonstration plant capable of producing 200 kg of hydrogen per day, expected to be operational by the end of 2023. This advancement marks a critical step toward commercializing their innovative technology.

Industry Overview in Canada

Canada's energy sector is undergoing transformative changes, driven by the need for sustainable and clean energy solutions. The country is rich in natural resources, including oil, gas, and renewable energy sources, maki