Ekona Power receives CAD$79m investment to commercialise its turquoise hydrogen production technology

Ekona Power has received a CAD$79m ($62m) equity investment from several companies including Baker Hughes, Mitsui and Severstal, as the company now looks to commercialise its clean hydrogen technology.

The closure of this investment today (Feb 1) will enable Ekona to scale its novel methane pyrolysis technology platform that can be utilised to produce low-cost clean hydrogen also known as turquoise hydrogen.

Read more: Ekona raises $3m to accelerate hydrogen developments
Read more:
Four more technologies for turquoise hydrogen

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