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Clean energy startup Modern Hydrogen, previously known as Modern Electron, raises $32.8M
Sustainability: News covering the rapidly growing climate tech sector, funding in the space and other areas of innovation to protect our planet.
National Grid’s venture arm pours $14 million into two startups
National Grid Partners, the venture arm of the U.K.-based utility company, disclosed two new investments it made in Q1: Modern Hydrogen and EV.energy.
Modern Hydrogen Raises $32.8 Million Series B-2 Financing to Accelerate Distributed Decarbonization of Gas into Clean Hydrogen
Today Modern Hydrogen announced an oversubscribed $32.8 million Series B-2 funding round led by NextEra Energy, with strategic investors & partners Miura and National Grid Partners also participating.
‘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.
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.
Why heat is a challenge in the fight against climate change, and what we can do about it
Heat comprises half of the world’s total energy consumption – which is significantly more than electricity (20%) and transportation (30%). Unsurprisingly, heat contributes more than 40% of global energy-related carbon dioxide (CO2) emissions.
Northwest Natural (NWN) Q4 2022 Earnings Call Transcript
Hello, and welcome to today’s Northwest Natural Holding Company fourth-quarter 2022 earnings call. My name is Bailey, and I’ll be the moderator for today’s call. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator instructions] I would now like to pass the conference over to our host, Nikki Sparley, director of investor relations.
Modern Electron selected to Unreasonable Impact 2022
Modern Electron is one of 12 companies out of hundreds to be selected to the Unreasonable Impact Americas 2022 summit, with support by Barclays Bank.
NW Natural, Modern Electron Partner on Pilot Project to Turn Methane into Clean Hydrogen
NW Natural, a 163-year-old gas utility based in Portland, Oregon, announced July 27 a partnership with Washington-based Modern Hydrogen to create clean hydrogen directly from natural gas and blend it into its existing natural gas distribution network.
NW Natural to Partner with Modern Electron
NW Natural, a 163-year-old gas utility based in Portland, announced today a partnership with Washington-based Modern Electron to create clean hydrogen directly from natural gas and blend it into its existing natural gas distribution network.
Heat, Heat Everywhere
From Breakthrough Energy’s Cipher: Modern Electron is pursuing a pair of technologies, including the one we mentioned in the main article that increases the productivity of natural gas in residential heating. The other seeks to make low-carbon hydrogen fuel onsite with commercial customers via a process called methane pyrolysis, which would help clean up natural gas using its existing infrastructure.
Bill Gates: To cut emissions, use this Swiss Army Knife
Cheap, green hydrogen would be a massive breakthrough in clean energy… Methane (CH4) is the primary fossil fuel used to produce hydrogen now. When it reacts with water (H2O) at a high temperature, both H2 and CO2 are produced. However, through a different heating process that happens in the absence of oxygen, called pyrolysis, it’s possible to separate the hydrogen atoms and leave just solid carbon—think of the lead in a pencil.