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With a plan to decarbonize home heating with hydrogen, Modern Electron raises $30M

Devin Coldewey writes in TechCrunch about Modern Electron, who has recently raised $30 million in funding.

The C3 Take
  • Modern Electron is looking to decarbonize the building heating process through its thermionic converter and Modern Electron Reserve.
  • The thermionic converter converts the heat produced by a furnace into electricity.
  • The Electron Reserve converts natural gas it into solid graphite and hydrogen gas. The hydrogen is sent to the furnace to be burned, while the graphite sequesters CO2.
  • Through these innovations Modern Electron can make a serious dent in decarbonizing buildings around the world.

“If Modern Electron’s tech becomes mainstream, and the trend away from oil and coal continues, it could make natural gas a much cleaner and more viable complement (and one already with a heavy global presence) to renewables like solar and wind.”

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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