Lisa Stiffler of GeekWire reports that Modern Hydrogen (previously Modern Electron) has raised $32.8 million.
- Modern Hydrogen has developed a method to strip off the carbon from natural gas or biogas to make hydrogen.
- In addition to clean hydrogen, this method also produces carbon black which can be used to create asphalt and rubber.
- The company is also developing that are smaller and modular and designed for decentralized locations to reduce transportation costs and improve efficiency for hydrogen gas.
- Modern Hydrogen’s latest funding round was led by NextEra Energy, one of the world’s largest utility companies.
Read the full article here.