Aurora Hydrogen Raises $3M From Oldendorff OOI

Aurora Hydrogen, a clean hydrogen technology company developing a modular microwave-driven methane pyrolysis process, has closed a $3 million investment from Oldendorff Overseas Investments (OOI). OOI is the investment platform of Hamburg-based Reederei NORD Group and is co-owned by Nikolaus Oldendorff.

The funds will advance Aurora’s technology for marine vessels and support commercialization. The deal includes OOI’s long-term commitment to purchase Aurora units to help decarbonize Reederei NORD’s maritime shipping and associated logistics operations.

Aurora’s patented process produces low-cost hydrogen from natural gas while generating a solid carbon co-product, avoiding CO2 capture or storage. The company is optimizing its demonstration plant for continuous hydrogen production ahead of 2027 commercial operations.