Thoizen hydrogen production tech receives a financial boost

Thoizen hydrogen production tech receives a financial boost

Thoizen has raised $3m to accelerate the development and commercial demonstration of its hydrogen production technology.

Based in Boston, US, the company hopes its technology will dramatically reduce carbon emissions in the energy industry.

On its goals, Ryan Hillis, CEO of Thoizen, said, “Thiozen is a pragmatic response to greenhouse gas emissions for the energy industry, a sector that faces perhaps the most difficulty in their path to decarbonisation.

“Commitments to reduce greenhouse gas emissions are just words until the technology that allows these reductions is brought to market. We are excited to be working with a high caliber group of investors that shares our vision of a low carbon world.”

The series seed funding round was led by Eni Next, the venture investment vehicle of Eni, with participation from Good Growth Capital and Mount Wilson Ventures.

On its investment, Gabriele Franceschini, Chairman and CEO of Eni Next, said, “We are very excited to partner with Thiozen, a company founded by high calibre scientists to develop and commercialise a promising technology to produce hydrogen from a waste stream with multiple applications along the entire energy supply chain.

“This investment reaffirms our commitment to support innovative solutions for clean hydrogen production.”

Did you know H2 View is the only media publication to be recognised as an official partner of the Hydrogen Council?

This means we get exclusive columns, interviews and studies that you won’t find anywhere else. Along with our featured webinars and events, H2 View is the go to global platform for the hydrogen industry.

Become a subscriber today to make sure you don’t miss out. Already a subscriber? Log in here.

About the author
Related Posts
Loading feed...
Please wait...