Tulum Energy rediscovered a forgotten hydrogen tech and used it to raise $27M

Image for article Tulum Energy rediscovered a forgotten hydrogen tech and used it to raise $27M
News Source : TechCrunch

News Summary

  • Tulum Energy recently closed an oversubscribed $27 million seed round led by TDK Ventures and CDP Venture Capital
  • Tulum will use the seed funding to build a pilot plant in Mexico alongside an existing Techint Group steel plant
  • At full-scale production, a commercial plant would generate 200 tons of hydrogen and 600 tons of carbon per day
It was a mistake that was ahead of its time.Between 2002 and 2005, engineers with the Techint Group were trying to dial in a new electric arc furnace for a steelmaker when they noticed something od [+2919 chars]

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