Lancium invests in US green hydrogen developer Monarch Energy
EMEC hydrogen storage cylinders (Credit Colin Keldie)
March 30 (Renewables Now) - US software and technical solutions provider Lancium has made an investment of an undisclosed amount in Monarch Energy, a California-based developer of green hydrogen projects across North America.
According to the announcement, this is Monarch Energy’s first capital infusion by an outside partner and the firm will pursue additional funding opportunities to support immediate and long-term strategies.
The company helps secure land rights and required permits, and takes part in the negotiation of long-term hydrogen sales contracts needed to build large-scale electrolysers.
"This investment will enable us to aggressively pursue new initiatives to create an ecosystem where green hydrogen projects can flourish,” commented Ben Alingh, co-founder and president of Monarch Energy.