Cipher Neutron is a rapidly growing disruptive technology company focused on AEM Electrolysers for Green Hydrogen production and Reversible Fuel Cells for power generation and Energy Storage Solutions. The company boasts a global team of scientists, engineers, technology developers, experts in hydrogen technology, investment bankers, and people with extensive experience in the hydrogen sector. Notably, Cipher Neutron’s innovative products, such as AEM Electrolysers and Reversible Fuel Cells, offer unique advantages over other Green Hydrogen production, power generation, and energy storage solutions available in the global market. One of Cipher Neutron’s key technologies is the Anion Exchange Membrane Electrolysis Technology (“AEM”), which is considered a hybrid solution for Green Hydrogen production. The company has been dedicated to AEM electrolysis for the last 3 years and is the world’s second company to commercialize AEM Electrolysers and the first in North America. Importantly, Cipher Neutron’s advanced AEM Technology does not use any Platinum Group Metals (PGMs), which sets it apart from traditional PEM electrolysers and positions it as the most sustainable, affordable, and environment-friendly electrolyser technology in the market. This innovative approach is of particular importance as it addresses the drawbacks of traditional PEM electrolysers, which utilize expensive and rare PGMs, raising concerns about supply chain availability, sustainability, high costs, and ESG qualifications. Cipher Neutron’s technology, on the other hand, not only eliminates the need for PGMs but also mitigates the large negative environmental impact associated with their mining and refining process, making it a more attractive and sustainable choice for Green Hydrogen production. Founded in 2021 and headquartered in Canada, Cipher Neutron recently secured a Corporate Round investment on 23 January 2024, with Molymet as the investor. This investment is a testament to the growing recognition and support for Cipher Neutron’s pioneering approach in the energy industry.
Funding Stage | Amount | No. Investors | Investors | Date |
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Corporate Round | Unknown | 1 | Molymet | 23 Jan 2024 |
Corporate Round | Unknown | 1 | DynaCERT | 16 Oct 2023 |
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