Startup Receives Funding for a Fleet of Sailing Ships to Produce Hydrogen

A UK startup, Drift Energy, has received seed round funding for its vision of a fleet of sailing ships operating around the globe generating and supplying green hydrogen. The funding will be used to complete the design program with the goal of laying the keel for the first vessel in 2025.

Drift Energy highlights that hydrogen produced by electrolysis using renewable energy has a much lower carbon footprint than hydrogen produced from natural gas through steam methane reforming. The company...