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Hydrogen is rapidly emerging as a green alternative to natural gas. But for every hydrogen battery, electrolyzer or pipeline being proposed, a sensor is required: Hydrogen gas, as you may remember from high school chemistry class, is extremely flammable. Valencia-based H2scan has developed a solution, and it now has $70 million in fresh funding to scale up.
Here’s what else we’re reading in the news:
- Georgia lawmakers have quashed local resistance to a new plant for Irvine-based automaker Rivian.
- A job opening at Spotify hints at the company’s plans for web3 and blockchain technology.
- Heliogen announces plans for its first full-scale manufacturing facility in Long Beach.
- HighBridge Premium Cannabis releases its first batch of cannabis-infused beverages.
H2scan has deployed hydrogen sensors for customers including ExxonMobil, Shell, Chevron, Procter & Gamble, Siemens and ABB. As gas utilities like SoCalGas are pivoting to hydrogen in order to decarbonize, the Valencia-based company is well-poised to meet growing demand.
The Black-led, L.A.-based VC has closed on $40 million in capital commitments and aims to raise up to another $85 million, with a focus on real estate tech startups that have a “net-positive impact on the environment.”
The city is partnering with a startup developing electric, self-flying aircraft to explore the possibility of deploying air taxis that would bolster the city’s transit infrastructure.
Fama, an L.A.-based social media screening startup that allows companies to survey a job applicant’s online presence, will use its new funding to scale up its go-to-market team and develop new products.