LONDON, ENGLAND – 07:00 GMT, March 11th, 2025 - Supercritical Solutions Ltd (“Supercritical”), a leading innovator in green hydrogen production technology, today announced the successful completion of a £14 million ($17.4 million) Series A investment round, co-led by Shell Ventures B.V. (“Shell”) and Toyota Ventures.
- Supercritical has secured significant funds and grown its global strategic investor network to streamline its route to decarbonising the chemicals and fuels industries
- Patented high-pressure, ultra-efficient electrolyser technology, splitting water with only 42 kWh/kgH2 whilst delivering 200+ bar green hydrogen
- With excitement around the technology building, Supercritical launches waiting list for its technology, advising that reservations for delivery are being booked for as early as 2027
With this funding, Supercritical plans to scale its proprietary electrolyser technology to pilot scale with trusted partners. Supercritical will leverage the wide ranging capabilities and know-how of its shareholders to enhance its technology, scale its manufacturing and operations and access new markets. Delivering green hydrogen at world-leading efficiency and at pressures unmatched by any other hydrogen generator, Supercritical is a perfect match for chemicals and fuels, the largest markets for hydrogen production. The company’s technology is a tipping point of viability for projects under economic challenges.
The funding round saw follow-on investment from seed investors Lowercarbon Capital and Anglo American Platinum and attracted new investment from a global consortium including Al Mada Ventures, Blackfinch Ventures, Kibo Invest, Niterra / Global Brain, TOP Ventures (Thai Oil), Earth Ventures, and Alumni Ventures. The round brings a wealth of expertise and resources from Shell Ventures and Toyota Ventures to support Supercritical's global ambitions in scaling.
“Supercritical Solutions’ unique membraneless electrolyzer has the potential for groundbreaking energy efficiency that is critical to bringing down the levelized cost of hydrogen,” said Ethan Sohn, Principal, Toyota Ventures. “We are delighted to support the team on their path to scaling their technology, as cost-effective green hydrogen is essential for decarbonizing hard-to-abate industries.”
“Supercritical’s breakthrough electrolyzer technology represents a step-change in green hydrogen production, offering a scalable and cost-effective solution to accelerate the global energy transition,” said Omar Laalej, Managing Director at Al Mada Ventures. “Morocco is making a generational commitment to green hydrogen, with its ‘Morocco Offer’, to which we see immense potential for Supercritical’s technology to play a key role in this ecosystem, and we’re excited to support their journey in reshaping the future of hydrogen.”
Supercritical is confident that it can lower hydrogen production costs to compete with fossil fuel production, catalysing the shift from grey to green energy across industries. Supercritical's high-pressure, ultra-efficient membraneless electrolyser delivers hydrogen at pressures exceeding 220 bar with over 99% hydrogen purity. Their systems will achieve world leading efficiencies, with energy demand as low as 42kWh/kgH2. Their innovative approach dramatically reduces operational costs and overcomes key industry challenges, offering scalable solutions without the use of forever chemicals (PFAS), membranes, iridium and rare earth metals.
“Where others are making cuts and hitting roadblocks, Supercritical strides forward in green hydrogen due to its highly differentiated solution. We are thrilled to partner with such a distinguished group of investors who share our vision for a sustainable energy future,” said Matt Bird, CEO of Supercritical. “This marks a significant inflection point in our mission to enable industry to transition beyond fossil fuels. With global demand for Supercritical’s technology stronger than ever, I am pleased to announce that our waiting list is open.”
Intent on delivering real, sustainable and cost-effective routes to decarbonisation for the world’s biggest chemical and fuel producers, Supercritical has now formally launched its waiting list. Having already secured several key commercial commitments, the company hopes the waiting list will ensure that those looking to deliver on their net-zero goals cost effectively can secure their future with Supercritical.
With its innovative technology, world-class team, and strong backing from strategic investors, Supercritical is at the forefront of the green hydrogen revolution. The company is committed to driving the shift from grey to green hydrogen, creating a sustainable future for generations to come.
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About Supercritical
Supercritical is at the forefront of the clean energy revolution, with a mission to dramatically reduce the cost of green hydrogen and address the most challenging 20% of global emissions. Established in 2020 in London, our vision is to catalyse a sustainable future where renewable energy solutions, like our pioneering electrolyser technology, are mainstream and financially viable without subsidies. As the creators of the world’s first high-pressure, ultra-efficient electrolyser, we deliver hydrogen and oxygen at pressures exceeding 220 bar, achieving full system efficiencies with as little as 42kWh/kgH2 with 99% purity. Our innovative approach not only curtails operational costs but also surmounts formidable industry challenges, forging a path towards a zero-emission future. By offering scalable, PFAS-free, membrane-free, and iridium-free solutions, Supercritical aims to lower hydrogen production costs to under £1/kgH2 within this decade, driving the shift from grey to green energy across industries.
Find out more about how we’re shaping the future of clean energy:
- Email: contact@supercritical.solutions
- Website: www.supercritical.solutions
About Shell Ventures
Shell Ventures was established in 1996 as one of the first corporate venture funds in the oil and gas industry. We act as an investor and a partner to help commercialise innovative businesses. Shell Ventures works with startups and companies from their early stages to their scale and growth phases. We make minority investments that help to develop new technologies and disruptive business models that work to accelerate the energy and mobility transformation. Investing in venture funds and incubators is also critical to expanding our scanning capabilities, making introductions to great companies and potential investment opportunities.
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell” is sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.
About Toyota Ventures
Toyota Ventures is the early-stage venture capital arm of Toyota. Founded in July 2017, its mission is to discover what's next for Toyota by helping startups bring disruptive technologies and business models to market quickly. With more than $800 million in assets under management, the firm is dedicated to investing in talented entrepreneurs around the world who are driving innovation in frontier technologies and climate solutions. For more information about Toyota Ventures and its portfolio companies, please visit www.toyota.ventures.
About Al Mada Ventures
Al Mada Ventures is a Venture Capital Fund investing capital in scalable, sustainable, and innovative startups that have the power to reshape industries across the African continent.
Fueled by a century-old African heritage and powered by 100% African capital, Al Mada Ventures stands beside bold changemakers who are driving transformative ideas for Africa and the world.
About Lowercarbon Capital
Lowercarbon Capital is a multibillion-dollar venture capital firm founded by Chris and Crystal Sacca that backs kickass companies making real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to unf**k the planet. For more information, visit www.lowercarboncapital.com.
About Anglo American Platinum
https://www.angloamericanplatinum.com/
About Blackfinch Ventures
Blackfinch Ventures invests in innovation. It targets high-growth opportunities, supporting and early-stage businesses with technological potential. The focus is on disruptive businesses, offering products that address real world needs, with the capability to make an impact in global markets. Blackfinch Ventures is part of Blackfinch Group, an award-winning investment specialist and trusted provider. Employing more than 150 full-time members of staff, it has a heritage dating back 30 years. The group provides tax-efficient investment solutions, managed portfolio services, early-stage investing, property financing and energy infrastructure investing. It is entrusted with over £850million in assets under management, as of February 2025.
About Kibo Invest
Kibo Invest is an investment office focused on driving innovation and sustainable returns. Through its climate tech fund, it invests in companies that are revolutionizing industries and addressing urgent climate challenges. Based in Singapore, and investing across continents, it leverages its global network to identify and support high-potential ventures.
About Niterra
Founded in Nagoya, Japan in 1936, Niterra Co., Ltd. (formerly NGK SPARK PLUG CO., LTD.) is renowned for its NGK-branded spark plugs and NTK-branded ceramic products. Niterra, a coined word combining the Latin words "niteo" (shine) and "terra" (Earth), was introduced in April 2023 to express the reborn company's commitment to sustainability through an evolving portfolio focused on ceramics and beyond. Niterra is now expanding into the growth fields of mobility, healthcare, environment and energy, and communications. As one of our initiatives in the environment and energy fields, Niterra launched the "SUISO no MORI" (Hydrogen Forest) Project in May 2024, aiming to early realize a hydrogen and a carbon circulation society. The company's consolidated revenues in fiscal 2023 (to March 2024) totaled 614.4 billion yen (4,389 million USD). Niterra has 32 bases in Japan and 61 overseas, and approximately 16,000 employees worldwide. Please visit https://www.niterragroup.com/english/, https://niterra-suisonomori.com/en/.
About Global Brain
Global Brain is an independent venture capital firm based in Japan with offices in North America, Europe, and Asia. It supports startups on a global scale with the aim to create new industries through full hands-on support, global ecosystem, and open innovation between startups and large corporations. Along with our flagship funds, Global Brain currently manages CVC funds with 18 industry-leading companies, surpassing $2.2B in AUM.
About TOP Ventures (Thai Oil)
TOP Ventures, the corporate venture capital (CVC) arm of Thaioil—Thailand’s largest and most complex refinery—invests in breakthrough technologies across AI/IOT manufacturing, sustainability (biojet & biofuel, decarbonization, and advanced materials), and hydrocarbon disruption (green hydrogen and new energy) to shape the future.
https://www.topventures.co.th/
About Earth Ventures
Earth VC backs outlier founders using deep tech to decarbonize Emerging Asia and reshape industries. We invest where science meets scale, turning climate challenges into massive economic opportunities. Because fixing the planet isn’t just necessary, it’s the next big business frontier.
https://earth.vc/
About Alumni Ventures
Alumni Ventures offers accredited individuals access to professional-grade venture capital, a key asset class missing from the portfolios of many sophisticated investors. Since 2014, AV has raised $1.4+ billion from 10,000+ investors and backed 1,400+ unique portfolio companies. AV is a top 20 VC firm in North America according to CB Insights and the #1 most active VC firm in the U.S., and #3 most active in the world, according to PitchBook’s 2022 and 2023 rankings. AV has won awards from Inc. Magazine, Fast Company, Benzinga, and the US FinTech Awards. AV funds are private, for-profit, and not affiliated with or sanctioned by any school.