TDK Ventures Backs Tulum Energy for Turquoise Hydrogen Production Advancements
Key Ideas
- TDK Ventures invests in Tulum Energy, a startup focusing on low-carbon hydrogen production using methane pyrolysis.
- Tulum Energy employs electric-arc plasma reactor technology to create clean hydrogen for industrial use.
- The company aims to achieve cost parity with traditional methods, reduce carbon emissions, and address barriers of high costs in clean hydrogen production.
- The investment is intended to accelerate Tulum Energy's technology development, with plans for commercial operations after the pilot project in Pesqueria, Mexico.
TDK Ventures has made an investment in Tulum Energy, a startup dedicated to scalable low-carbon hydrogen production. Tulum Energy specializes in utilizing methane pyrolysis, also known as turquoise hydrogen production, to generate clean hydrogen suitable for industrial applications. Their approach involves the use of commercially available electric-arc plasma reactor technology to create hydrogen and solid carbon co-products. The company's goal is to achieve cost parity with traditional hydrogen production methods while simultaneously reducing carbon emissions. By operating methane pyrolysis plants, Tulum Energy aims to overcome existing barriers like high costs and complex project requirements that hinder the widespread adoption of clean hydrogen. Tulum's technology is anticipated to be more energy-efficient compared to green hydrogen methods and have production costs similar to conventional grey hydrogen, without relying on incentives. The investment from TDK Ventures and other partners is designed to expedite the advancement of Tulum's technology. After completing their initial pilot project, Tulum Energy plans to proceed with commercial operations. The funds from this seed investment round will be utilized for constructing Tulum Energy's pilot plant located in Pesqueria, Mexico.