Tulum Energy Secures $27M Funding for Revolutionary Methane Pyrolysis Technology
Key Ideas
- Tulum Energy closes a $27 million funding round led by CDP Venture Capital and TDK Ventures, showcasing confidence in their clean hydrogen production approach.
- The company's methane pyrolysis technology offers a high scalability and energy efficiency, catering to the demands of large industrial consumers at competitive costs.
- Funds will be used to build a pilot plant in Pesquería, Mexico, within the Ternium industrial complex, with plans to leverage Italian talent for research and development.
Tulum Energy, a methane pyrolysis startup, has successfully secured a $27 million venture funding round led by CDP Venture Capital and TDK Ventures. The investment highlights confidence in Tulum's innovative approach to clean hydrogen production using methane pyrolysis technology, which produces turquoise hydrogen and solid carbon without CO2 emissions. CEO Massimiliano Pieri emphasizes the scalability and energy efficiency of their technology, catering to industrial consumers like refineries and chemical plants. The funds will support the construction of a pilot plant in Pesquería, Mexico, within the Ternium industrial complex. Tulum Energy plans to establish its Italian subsidiary in Milan to leverage the local manufacturing supply chain and talent for further research and development.