January 22, 2025 at 10:01 AM EDT

Snowfox Discovery has closed the first tranche of its Series-A funding, led by bp Ventures and supported by Rio Tinto and Oxford Science Enterprises. The funds will enhance its natural hydrogen technology and expand its global operations, signaling growing industry interest in clean energy alternatives.

Snowfox Discovery, a leader in the burgeoning field of natural hydrogen exploration, has successfully closed the first tranche of its Series-A funding. This strategic investment round was spearheaded by bp Ventures and included participation from other influential investors such as Rio Tinto and Oxford Science Enterprises. The capital injection highlights the increasing interest and confidence in natural hydrogen as a viable clean energy solution.

The Promise of Natural Hydrogen

Found naturally in subterranean layers, natural hydrogen presents a cleaner energy alternative due to its significantly lower carbon emissions compared to traditional fossil fuels. As industries worldwide seek to diversify their energy portfolios and reduce carbon footprints, natural hydrogen is emerging as a key player in the transition to sustainable energy sources.

Strategic Impact of Funding

The newly secured funding will enable Snowfox Discovery to:Enhance its core technology for natural hydrogen exploration and utilization.
Expand its operational footprint in the global energy market.
Achieve critical milestones in the commercialization of natural hydrogen sources.

Collaborations with energy giants like bp and Rio Tinto validate Snowfox Discovery's innovative approach and underscore the potential of natural hydrogen to play a pivotal role in the global shift toward a zero-emissions future.

Company said, “We are on a mission to unlock the potential of natural hydrogen for a net zero future. The investment will enable us to accelerate the development of our core technology, expand our operations and build a global portfolio of leading natural hydrogen opportunities.

We look forward to collaborating with bp and Rio Tinto as we look to deliver on key milestones to make our vision a reality. This is made possible by the incredible efforts of the Snowfox Discovery team, supported by world-class advisors. More to follow in 2025! “


About Snowfox

At the frontier of natural hydrogen exploration.

Snowfox’s unique offering combines a world-leading understanding of the science behind the natural hydrogen system with decades of exploration experience.

Snowfox Discovery is a spinout from Durham and Oxford Universities with early stage funding from Oxford Science Enterprises.

Co-founded by leading academics, experienced explorers and technology experts to unlock the potential of natural hydrogen for a net zero future.

Snowfox Discovery is an exploration company with scientific endeavour at its heart, building sector-defining technology, with an aspiration to have a significant impact.

https://www.snowfoxdiscovery.com/