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C-Zero Inc., a pioneer in natural gas decarbonization, recently raised $11.5 million in a Series A funding round co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries (MHI) and AP Ventures. The funding will accelerate the first commercial-scale deployment of C-Zero’s drop-in decarbonization technology, which...
- $11.5M Series A Funding Round Also Includes Breakthrough Energy Ventures, ENI Next and AP Ventures -TOKYO, Feb 10, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that
The promise of a hydrogen economy to replace fossil fuels is commonly centered on the potential for "green hydrogen," generated via electrolysis of water with carbon-free electricity. But the vast majority of today’s industrial hydrogen production is "gray," made from natural gas via steam methane reforming — a process that emits carbon dioxide but at a low cost that electrolysis will struggle to beat over the coming decades. But natural gas can also be converted to hydrogen without the carbon emissions, via another spectrum of the hydrogen palette. These include "blue hydrogen...
The company has developed technology to lower the greenhouse-gas emissions from using natural gas. (Bloomberg) -- Breakthrough Energy Ventures, the fund helmed by Bill Gates, led a funding round to raise $11.5 million for California-based startup C-Zero Inc. The company has developed technology to lower the greenhouse-gas emissions from using natural gas. Instead of burning the fuel to produce carbon dioxide and water, C-Zero passes the gas through a mixture of molten salts. Doing so splits methane — the main component of natural gas — into hydrogen gas and solid carbon. When the hydrogen...