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Hydrogen startupC - Zerohas raised $ 5 million of an $ 18 million financing round , according to anSEC filing .
The troupe isdeveloping a way to strip H from methanewithout emitting atomic number 6 dioxide . The ensue hydrogen can be used in a grasp of industries today , let in ammonia and petrochemical production , and potentially others in the near hereafter , including transportation and steel production . The solid carbon waste intersection has the potential to be reused in everything from asphalt to lithium - ion battery .
C - Zero raised a $ 34 million round respect at $ 124 million billet - money in 2022 , according to PitchBook information . The small aim for the newfangled rung , which CEO Zach Jones tell TechCrunch is a Series A extension being led by Energy Capital Ventures , suggests the company is being naturalistic about its prospects following its goodish draw during the pandemic . The 2d end should happen this fall and will include strategical mate , Jones add .
“ The rail from this raise should set us up for a strong Series B next class that will get the fellowship to being cashflow electropositive , ” he said .
The process C - Zero employs is known as methane pyrolysis . C - Zero ’s reactor heats instinctive gaseous state in the presence of a proprietary catalyst to break off hydrogen ’s chemical substance bond with the central carbon atom in a methane particle .
By using pronto useable natural gas as the feedstock , C - Zero hopes to produce emission - costless hydrogen for less than other green atomic number 1 startups , which typically rely on expensive electrolyzers power by down - cost renewable energy from wind and solar .
“ Our process use just a few kilowatt - hours of electrical energy per kilogram of hydrogen produce , which mean we can make low C hydrogen anywhere customers have natural petrol or LNG , ” Jones said .
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Tapping into existing natural gas base also makes methane pyrolysis a natural fit for petrochemical plants , which today use natural gas throughout their surgical process and also require large sum of hydrogen to bring out various chemicals .
The electric potential to deal low - cost , zero - emission H to large , establish customers has induce a flurry of startup action in the blank space , many of which use methane pyrolysis . A number of competing startups , including Modern Hydrogen , Molten Industriesand ReCarbon , also use the process .
