Leigh Dangelo

Blue background with bold white lettering for Seattle Inno+ Logo

Meet founders to watch from 23 Seattle-area companiesMeet founders to watch from 23 Seattle-area companies

Bothell-based Modern Hydrogen co-founder and CEO Tony Pan guided his company through a $32.8 million fundraise this year. The company makes devices to decarbonize natural gas. These devices work on site and don't require clients to replace existing pipes. Pan said the company will be shipping a handful of unites out to customers next quarter as a pilot, after which Modern Hydrogen aims to scale up its production.
white background with black bar across the top and S&P Global in red with Market Intelligence written below

Utilities try out new hydrogen production methods, tee up midstream transportUtilities try out new hydrogen production methods, tee up midstream transport

Northwest Natural Holding Co. is preparing to start a project with Modern Hydrogen Inc. — previously known as Modern Electron Inc. — to pilot hydrogen and solid carbon production from natural gas through methane pyrolysis, sometimes called turquoise hydrogen. Northwest Natural is also evaluating another turquoise hydrogen technology under a nondisclosure agreement, Chief Marketing Officer and Senior Vice President for Operations Kim Rush said during a May 4 conference call.
white background with black bar across the top and S&P Global in red with Market Intelligence written below

‘Turquoise’ hydrogen venture expects negative operating costs in parts of US‘Turquoise’ hydrogen venture expects negative operating costs in parts of US

Though still a nascent technology, the use of methane pyrolysis for carbon-free hydrogen production has been endorsed by the DOE's Loan Programs Office. In December 2021, the office guaranteed a $1.04 billion loan that Monolith Materials Inc. will use to expand its turquoise hydrogen facility in Hallam, Neb. Modern [Hydrogen], based in the Seattle area, produces equipment that can be installed at the end of the natural gas distribution network, separating out the carbon and delivering hydrogen to the customer.