Gates-backed hydrogen heating company Modern Electron raises $32.8M

The Bothell-based company says it will starts deliveries of its hydrogen generators this year.
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Tony Pan, CEO of Modern Hydrogen, sits in a laboratory wearing safety glasses and a white shirt, holding a clear container labeled "Modern Hydrogen" and "NW Natural" filled with Modern Solid Carbon. Green industrial barrels and lab equipment are visible in the background.

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Alt text: A TIME magazine graphic titled "America's Top Greentech Companies of 2025" features logos of several clean technology companies overlaid on an aerial image of a modern office complex with green landscaping. The logos include 24M, BETA, TAE, PIVOT, Enervenue, ChargePoint, Fervo Energy, Geno, Apeel, and others. The caption notes that TIME and Statista have named 250 companies reducing environmental impact.

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Alt text: A white semi-truck trailer labeled "SmartFuel® Hydrogen" and "Air Products" transports compressed hydrogen on a highway. The trailer displays hazard placards marked "1049" indicating compressed hydrogen gas, and includes promotional text reading "tell me more airproducts.com/h2energy." The truck is driving under clear blue skies.

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