HARTFORD–U.S. Senator Chris Murphy (D-Conn.) announced that SKYRE, based in East Hartford, was named “Innovator of the Month.” SKYRE uses patented electrochemical technology to build innovative, efficient clean energy products, working to decarbonize the energy system through hydrogen recycling, green hydrogen production, and carbon utilization.
“We need big, bold ideas to tackle the climate crisis, and the team at SKYRE is doing just that. It’s incredible to see how Connecticut’s talented workforce and experience at the forefront of innovation in this industry have helped SKYRE grow and thrive. I’m proud to recognize their work and look forward to seeing all that they accomplish,” said Murphy.
“Decarbonization initiatives are central to the majority of corporate and economic growth strategies. SKYRE's sole mission is to advance decarbonization through electrolysis to reliably produce ultra low-cost green hydrogen and fuels and chemicals. SKYRE's products function at the intersection of clean hydrogen and carbon reduction, helping customers address vital industrial productivity and energy challenges. The foundational technology for hydrogen and fuel cells, originated and refined in Connecticut, was initially developed for manned space flight and nuclear submarines. This rich history has allowed SKYRE to tap into a highly skilled workforce. We're grateful to have access to Connecticut's flagship university, UConn. Its second to none in experiential learning approach, enables us to hire graduates who can seamlessly integrate into our business. And we partner with the outstanding UCONN faculty members whose ideas have advanced our products – thus introducing new capabilities and improving overall performance. Connecticut's ready access to capital markets – including various investor networks, institutional funds, and Connecticut Innovations – has provided us with visibility that wouldn't be possible in other states. This remarkable ecosystem has played a crucial role in our successful growth and innovation journey,” said Trent Molter, founder and CEO of SKYRE.
Murphy believes entrepreneurship and innovation are the building blocks for a strong economy. In the U.S. Senate, he has introduced legislation to incentivize angel investors to put more money into startup companies—the Angel Tax Credit Act and the Helping Angels Lead Our Startups (HALOS) Act. Startup companies create an average of 2 million jobs each year.
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