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Aternium secures $1 million in the Seed and Accelerator Capital Program to establish green hydrogen production sites in Delaware.

PRIVATESep 26, 2025

Amount Raised

$1 Million

Round Type

Seed

WilmingtonManufacturingEnergyRenewable Energy

Investors

Delaware Division Of Small Business

Description

Aternium has secured $1 million in funding through the Seed and Accelerator Capital Program to develop its manufacturing sites in Delaware. This funding is under the Delaware Division of Small Business program, aimed at businesses with fewer than 100 employees. The start-up plans to build clean hydrogen production facilities as an alternative to fossil fuels. The funding must be allocated by the end of 2025 to meet the U.S

Quick answer

Aternium raised $1 Million in a Seed round, dated September 26, 2025. Investors: Delaware Division Of Small Business. Aternium is based in Wilmington, Delaware, United States.

How much did Aternium raise?
Aternium raised $1 Million in a Seed round on September 26, 2025.
Who invested in Aternium?
Delaware Division Of Small Business is named as investors in this round.
What does Aternium do?
Aternium was formerly known as First State Hydrogen, Inc. Aternium is a hydrogen start-up focused on developing green hydrogen production sites to create a clean alternative energy source for industrial processes.
Where is Aternium based and how big is it?
Aternium is based in Wilmington, Delaware, United States. Fundz records about 2 employees.
Who are the decision-makers at Aternium?
Fundz holds 2 contacts at Aternium. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Aternium that raised within 45 days of this round, from Fundz verified event records.

  • BTRY raised $5.7M (Seed) on November 6, 2025.
  • Nabors Industries raised $700M (Debt Financing) on November 4, 2025.
  • Goldi Solar raised $171M (Funding Round) on October 29, 2025.
  • HYDGEN raised $5M (Pre-Series A) on October 27, 2025.
  • Electra Battery Materials Corporation raised $35M on October 22, 2025.
  • Largo raised $6M on October 22, 2025.

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Company Information

Company

Aternium

Location

Wilmington, Delaware, United States

About

Aternium was formerly known as First State Hydrogen, Inc. Aternium is a hydrogen start-up focused on developing green hydrogen production sites to create a clean alternative energy source for industrial processes. The company aims to significantly lower the costs of clean hydrogen while fostering sustainable energy initiatives. They are in the process of securing state funding to establish their first manufacturing facilities in Delaware and are actively exploring site locations in Kent County.

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