Element One Acquires H2 Extraction Tech from Pure Hydrogen
Feb 11
3 min read
Element One Hydrogen completed an agreement to acquire an advanced hydrogen extraction technology developed by Natural Hydrogen Energy (NHE) in the US.
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Constellation Resources secured SPA 048 AO and SPA 049 AO, in its Western Australia Edmund–Collier Basin asset, allowing on-ground exploration for natural hydrogen, helium and natural gas.
Hestia Energy, a San Francisco-based startup aiming to discover natural hydrogen deposits underground, is raising US$12mm in seed funding, according to Axios Pro.
Natural hydrogen exploration is accelerating globally, with junior companies raising over US$1bn in the past three years, according to NaturalHy (a financial consultancy).