Fifth Wall led a $198m Series B round in Electric Hydrogen.

Fifth Wall, a venture capital firm, led a $198m Series B round in Electric Hydrogen, a decarbonization company, with participation from S2G Ventures, Silicon Valley Bank, Trinity Capital, Amazon’s Climate Pledge Fund, Cosan, Equinor Ventures, Honeywell, Mitsubishi Heavy Industries, Rio Tinto, Breakthrough Energy Ventures, Capricorn Partners, Energy Impact Partners, and Prelude Ventures. “This round represents more than an investment in a company. It’s the biggest step yet toward meeting the urgent challenge of decarbonizing hard-to-decarbonize industries that are both essential to modern life and huge sources of GHG emissions. We’ve been searching for the most promising answers to that challenge and found one in EH2. Their team, cross-disciplinary expertise and visionary technology place them at the forefront of the race to make deep cuts in industrial emissions with compelling economics," Peter Gajdoš, Fifth Wall Partner.