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Green hydrogen startup raises $1.38 million from crowdfunding

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Green hydrogen startup raises $1.38 million from crowdfunding

Quick Summary

Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix.

The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023.LINE’s...

LINE’s campaign hit its minimum target of $600,000 in 12 hours, and a fortnight later, 638 private investors tipped in $1,387,308.


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Article Details

Author / Journalist: Simon Thomsen

Category: Startups

Topics: Hydrogen Funding Birchal Crowdfunding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 03:15:06

News Timezone: GMT +10:00

News Source URL: startupdaily.net

Language: English

Reading Time: 3 minutes read

Article Length: 373 words

Coverage Area: Australia

Availability: Desktop Web, Mobile Web

News ID: 2828

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Official Website: startupdaily.net

Update Frequency: 2 posts per day

Year Established: 2012

Headquarters: Australia

Last Updated: 13h ago

Coverage Areas: Australia

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