Peregrine Hydrogen

Peregrine Hydrogen develops clean hydrogen production technology that eliminates the green premium by using a dual production approach exploiting unique chemical properties of its feedstocks to dramatically cut the energy required compared to conventional water electrolysis. The process produces not only clean hydrogen but also valuable co-products needed by the same industrial buyers, reducing supply chain complexity and providing strategic value. This approach addresses the fundamental challenge that cheap hydrogen from steam methane reforming emits approximately 1 billion tons of CO2 annually (about 2% of global emissions), while clean hydrogen from electrolysis remains expensive. Peregrine's solution delivers cost-effective, clean hydrogen that works under current market conditions without government subsidies, targeting a large existing market of ready buyers. Founded in 2023 and headquartered in Seattle, United States, the company has raised approximately $15.3 million at the Series A stage.