C-Zero Raises $11.5M Series A to Produce Clean Hydrogen from Natural Gas
Feb 09, 2021•over 4 years ago
Amount Raised
$11 Million
Round Type
series a
Description
C-Zero Inc., a pioneer in natural gas decarbonization, announced today that it has raised $11.5 million in a Series A funding round co-led by Breakthrough Energy Ventures and Eni Next, with participation from Mitsubishi Heavy Industries (MHI) and AP Ventures. The funding will accelerate the first commercial-scale deployment of C-Zero’s drop-in decarbonization technology, which will allow industrial natural gas consumers to avoid producing CO2 in applications like electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia.
Funding Insights
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