Clean tech startup Modern Hydrogen, based in Woodinville WA, recently raised $25 million in funding from new and existing investors. According to the company, they will be talking more about strategic partnerships after the New Year to expand into new markets, enhance existing infrastructure, and speed up carbon capture and utilization.
Modern Hydrogen uses a non-electric thermal process that reduces CO₂ emissions from natural gas and makes low-cost, environmentally friendly energy and materials such as asphalt. The company’s methane pyrolysis reactor takes natural gas from fossil fuels or biogas from sources like manure to make pure hydrogen. The hydrogen fuel burns cleanly, producing water vapor as a byproduct. It can be used for energy production, in industrial processes like steel manufacturing, and in fuel cells.
Bill Gates, an investor in the company, visited its headquarters earlier this year and filled a pothole with asphalt produced from Modern Hydrogen’s system.
Read more here: Seattle-area startup Modern Hydrogen raises $25M to fuel clean energy efforts – GeekWire