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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