# Power to Hydrogen funding: rounds and investors

> Power to Hydrogen has raised $18M across 1 round since 2024. Investors include Worthington Enterprises, US Department of Energy and Rev1 Ventures.

Source: https://millionrounds.com/company/power-to-hydrogen (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Power to Hydrogen*

One round we have observed, with the 12 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summary Updated 26 Oct 2026

**$18M** raised across 1 round since 2024, from 2 sources

- **Latest round:** Series A, $18M Aug 2024
- **Led by:** Worthington Enterprises
- **Investors:** 12 (1 led)

See who backed them

## The rounds

- **Aug 2024** Series A **$18M** [Worthington Enterprises](https://millionrounds.com/fund/worthington-enterprises) Lead [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Rev1 Ventures](https://millionrounds.com/fund/rev1-ventures) [e.on](https://millionrounds.com/fund/e-on) [Finindus](https://millionrounds.com/fund/finindus) [EDP Ventures](https://millionrounds.com/fund/edp-ventures) [Asahi Kasei](https://millionrounds.com/fund/asahi-kasei) [American Electric Power](https://millionrounds.com/fund/american-electric-power) [JERA](https://millionrounds.com/fund/jera) [FH Capital](https://millionrounds.com/fund/fh-capital) [ESB](https://millionrounds.com/fund/esb) [INP Capital](https://millionrounds.com/fund/inp-capital) Reported by Firms' own news pages and 1 other SEC filing: $9.5M sold, first sale Jul 2024

## Founders and team

From Power to Hydrogen's own website: 2 founders, 7 on the team.

**Dr. Paul Matter** Co-Founder/CEO

**Christopher Holt** Co-Founder/Board Member

- **Alex Zorniger** Chief Commercial Officer
- **David Bow** Chief Strategy Officer
- **Gary Robb** Chief Operating Officer
- **Shivani Ganguly** Chief Financial Officer
- **Dr. Travis Hery** VP of Engineering
- **Dr. Nadia Casillas** Director of Quality
- **Juan Manuel Lopez-Gallego** Director, European Sales & Ops

## Everyone who backed them

[Worthington Enterprises](https://millionrounds.com/fund/worthington-enterprises) VC firm **1** round, led 1

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Rev1 Ventures](https://millionrounds.com/fund/rev1-ventures) Corporate VC **1** round

[e.on](https://millionrounds.com/fund/e-on) VC firm **1** round

[Finindus](https://millionrounds.com/fund/finindus) VC firm **1** round

[EDP Ventures](https://millionrounds.com/fund/edp-ventures) Corporate VC **1** round

[Asahi Kasei](https://millionrounds.com/fund/asahi-kasei) Corporate VC **1** round

[American Electric Power](https://millionrounds.com/fund/american-electric-power) Growth equity **1** round

[JERA](https://millionrounds.com/fund/jera) Corporate VC **1** round

[FH Capital](https://millionrounds.com/fund/fh-capital) VC firm **1** round

[ESB](https://millionrounds.com/fund/esb) Corporate VC **1** round

[INP Capital](https://millionrounds.com/fund/inp-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=power-to-hydrogen).

## Quick answers about Power to Hydrogen

### Who invested in Power to Hydrogen?

Power to Hydrogen's investors include Worthington Enterprises, US Department of Energy, Rev1 Ventures, e.on and Finindus, and 7 more on record. Worthington Enterprises led its latest round.

### How much has Power to Hydrogen raised?

Power to Hydrogen has raised $18M across 1 round since 2024.

### When did Power to Hydrogen last raise?

Power to Hydrogen's most recent round was a Series A of $18M in Aug 2024, led by Worthington Enterprises.

### What was Power to Hydrogen's biggest round?

Its most recent round, $18M in Aug 2024, is also its largest on record.

### Who backed Power to Hydrogen first?

Power to Hydrogen's first round on record, in Aug 2024, was backed by Worthington Enterprises, US Department of Energy and Rev1 Ventures and 9 others.

### What stage is Power to Hydrogen at?

Power to Hydrogen's latest named round is a Series A, in Aug 2024.

### Where is Power to Hydrogen based?

Power to Hydrogen is based in the United States.

### Who led Power to Hydrogen's rounds?

Worthington Enterprises led the Series A in 2024.

## Companies like Power to Hydrogen

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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