Tulum Energy, a startup based in Milan, Italy, is set to transform the clean hydrogen production landscape with its innovative approach utilizing methane pyrolysis technology. Through a $27 million seed round co-led by TDK Ventures, Tulum plans to commercialize its unique solution for industrial applications. The company's technology, which repurposes electric arc furnace technology, aims to overcome barriers hindering the wider adoption of clean hydrogen by offering cost-effective and environmentally friendly production methods. By achieving cost parity with traditional hydrogen production and reducing carbon emissions significantly, Tulum is positioned to cater to heavy industry needs. TDK Ventures' investment will facilitate the development and scaling of Tulum's technology, enabling commercial operations post the pilot phase. Tulum's technology boasts high efficiency, scalability, cost competitiveness, non-catalytic operation, and reduced land footprint compared to existing clean hydrogen solutions. Led by experienced executives, Tulum aims to drive decarbonization efforts in collaboration with TDK Corporation. The partnership signifies a commitment to sustainability and innovation in the energy sector, with the potential to revolutionize hydrogen production for a greener future.