LetterOne and GS Energy Invested in H2scan Corporation
Posted on 02/26/2022
Valencia, California-based H2scan Corporation was formed in 2002 and builds hydrogen leak detection sensor gas process monitoring sensing systems. H2scan’s sensors consist of a palladium-nickel crystal lattice that traps individual hydrogen molecules. Hydrogen gas is extremely flammable. H2scan Corporation raised US$ 70 million in a round led by U.K.-based investment group Letterone Holdings S.A. led the funding alongside South Korean energy company GS Energy Corporation (part of GS Holdings Corporation).
LetterOne (L1) was founded in 2013.
H2scan’s customers include Exxon Mobil Corporation, Royal Shell Dutch plc, Chevron Corporation, Procter & Gamble, Siemens, and ABB.