Modern Hydrogen got its start back in 2015. Gates and former Microsoft researcher Nathan Myhrvold put money into the firm at a time when it was focused on capturing waste heat from furnaces and hot water heaters and turning it into electricity. The 60-employee company has raised $100 million in total venture capital from Gates, Myhrvold and others.
Modern Hydrogen later developed a methane pyrolysis reactor that strips carbon from natural gas (methane) right at the meter, or from fossil fuels or biogas from sources like manure and produces pure hydrogen fuel that releases only water vapour as a byproduct.
It can also produce a solid carbon that can be a key ingredient in asphalt.
