Newtrace Ne Jode **$6.3 Million**! Green Hydrogen Production Ab Sasta Hoga?

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AuthorIshaan Verma|Published at:
Newtrace Ne Jode **$6.3 Million**! Green Hydrogen Production Ab Sasta Hoga?
Overview

Arre bhai, Bengaluru ki startup Newtrace ne **$6.3 Million** ka funding secured kar liya hai! Ye paisa use karenge green hydrogen ko sasta banane ke liye, especially apni advanced electrode technology se. HDFC Bank aur Mitsui Sumitomo Insurance VC is round ke leads the.

Toh yeh funding actually green hydrogen ko zyada affordable banane ke liye hai. Newtrace apni advanced electrode aur stack technology ko boost karegi, taaki hydrogen electrolysis ka cost kam ho sake. Direct goal ye hai ki global clean energy transition mein jo cost barriers hain, unhe hataya jaaye.

Is round ko HDFC Bank aur Mitsui Sumitomo Insurance Venture Capital ne lead kiya hai, jo dikhata hai ki investors ko is climate tech startup par bharosa hai. HDFC Bank sustainable finance par focus kar raha hai, aur Mitsui Sumitomo VC climate tech mein future dekh rahe hain. Peak XV's Surge aur Aavishkaar Capital jaise investors bhi hain. Sector mein kaafi interest hai, jahan early 2024 mein climate tech funding ka 35% startups mein gaya hai.

Par bhai, scene itna bhi easy nahi hai. Green hydrogen ka production cost abhi $3 se $8 per kg hai, jo grey hydrogen ke $1 se $2 per kg se kaafi zyada hai. Isko competitive banane ke liye tech innovation, cheap renewable electricity aur equipment costs kam karni hongi. Competition bhi full on hai – India mein Reliance, L&T Electrolysers jaise players hain, aur global level par bhi Nel Hydrogen, Plug Power hain. Bahut se projects delays aur cost hikes face kar rahe hain, jahan May 2024 tak announced capacity ka 7% se kam hi final investment decision tak pahuncha hai.

Phir bhi, Newtrace ki electrode technology future ke liye important hogi. Green hydrogen market $38.1 billion tak jaane ka expect hai 2029 tak. Company ka plan hai pilot manufacturing ko scale up karne ka aur next year China aur Europe mein products test karne ka. Industry ka target hai $1 per kg cost 2031 tak achieve karna, toh Newtrace jaise companies jo cost reduction par focus kar rahi hain, woh definitely watch list mein rakhne layak hain.

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