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Clean energy startup Modern Hydrogen, previously known as Modern Electron, raises $32.8M

Lisa Stiffler of GeekWire reports that Modern Hydrogen (previously Modern Electron) has raised $32.8 million.

The C3 Take
  • 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.

“The startup has pilot projects planned with NW Natural — Oregon’s largest natural gas utility — and another utility that Pan couldn’t name, but his hints suggest it’s NextEra Energy. Modern Hydrogen plans to ship its demo reactors, which will be the size of half a shipping container, to the utilities by the third-quarter of this year.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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