The Monaco Hydrogen Alliance and MobilityVC have launched MH2Fund, a venture that supports early-stage companies in the hydrogen economy. Their first investment is in SunGreenH2, a developer of affordable, modular green hydrogen electrolyzers.
MH2Fund focuses on innovative hydrogen technologies that can decarbonize mobility, industry, and logistics. By leveraging strong policy connections and venture capital expertise, MH2 aims to accelerate the growth of Europe’s hydrogen ecosystem.
SunGreenH2 aims to transform electrolysis through the use of proprietary nanomaterials and AI-driven design, enhancing efficiency and lowering costs to enable scalable green hydrogen production. The company is gaining traction with partners worldwide and plans to expand its product line and global deployments with the support of MH2Fund.
KEY QUOTES:
“Green hydrogen is critical infrastructure for the future of zero-emission transportation. Our investment in SunGreenH2 reflects our conviction in technologies that can scale fast and serve both mobility and industry.”
Sam Baker, Managing Partner at MobilityVC
“This investment is a direct outcome of the Monaco Hydrogen Alliance’s work bringing together the continent’s most ambitious hydrogen players. MH2 is the natural next step to turn vision into velocity.”
John Rossant, Chairman of the Monaco Hydrogen Alliance
“Now more than ever, Europe needs abundant, affordable green hydrogen to power its energy transition. With MH2’s support, we’re delighted to be accelerating the scale-up of our breakthrough electrolyser technology and expanding our footprint across key European markets. Together, we’re building the foundation for a cleaner, more resilient energy future.”
Tulika Raj, Co-Founder and CEO of SunGreenH2
