NovoHydrogen, a Golden, CO-based green hydrogen developer, raised $20M in Equity funding.
The round was led by Modern Energy.
The company intends to use the funds to further expand its team and bring its development portfolio of green hydrogen projects into the market.
Led by CEO Matt McMonagle, NovoHydrogen is a green hydrogen project developer that focuses on the origination, project development, and financial structuring of green hydrogen projects to serve its customers. It leverages the energy sector knowledge to provide green hydrogen infrastructure solutions. NovoHydrogen is experienced at deploying and commercializing energy transition technologies and its extensive learnings from across the energy sector include developing solar, wind, and battery storage assets and oil & gas operations.