Tulum Energy has successfully closed a $27 million funding round with investors such as CDP Venture Capital, TDK Ventures, TechEnergy, and MITO Technology, among others. The startup is focused on developing a new methane pyrolysis technology for clean hydrogen production without CO2 emissions. This innovative approach aims to address economic and infrastructural limitations faced by current hydrogen production methods. Tulum Energy plans to use the funding to build a pilot plant in Pesquería, Mexico, within Ternium's industrial complex, with additional support from its Italian subsidiary in Milan. The company's unique technology repurposes existing machinery from the steel industry to produce turquoise hydrogen and solid carbon efficiently, targeting industrial consumers such as refineries and chemical plants. Collaborations with TechEnergy Ventures, Tenova, and CDP Venture Capital provide Tulum Energy with expertise, supply chain access, and financial resources to advance its technological and commercial goals. Partners like TDK Ventures contribute not only funding but also strategic support by offering expertise, electronic products, and network access to accelerate Tulum Energy's development in the green energy sector. The positive sentiment towards Tulum Energy's methane pyrolysis technology and its potential for industrial decarbonisation is evident in the enthusiastic support from investors and industry partners, highlighting the importance of innovative solutions for a sustainable energy transition.