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VulcanX Energy Corp. received $2M in funding from FortisBC to design a hydrogen plant utilizing methane pyrolysis.

PRIVATEAug 15, 2024

Amount Raised

$2 Million

Round Type

Funding Round

VancouverEnergyOil And GasRenewable Energy

Investors

Fortis Bc Energy Inc.

Description

FortisBC Energy Inc. is funding Vancouver-based VulcanX Energy Corp. with $2 million to design a new hydrogen production facility in British Columbia. The plant will leverage methane pyrolysis technology to produce hydrogen and solid carbon from natural gas.

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Company Information

Company

VulcanX Energy

Location

Vancouver, British Columbia, Canada

About

VulcanX is not your typical startup. We spun out from MéridaLabs at the University of British Columbia with a de-risked pilot plant. It all started in 2017 when we met with international partners to discuss methane pyrolysis. Since then, we have developed new systems that can produce hydrogen and solid carbon more efficiently and at a low cost.

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VulcanX Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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