TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
Home
Press release
Feb 10, 2021 15:33 JST
Source:
Mitsubishi Heavy Industries, Ltd.
MHI Invests in C-Zero, a U.S. Hard Tech Startup, to Accelerate Efforts to Produce Clean Hydrogen from Natural Gas
- $11.5M Series A Funding Round Also Includes Breakthrough Energy Ventures, ENI Next and AP Ventures -
TOKYO, Feb 10, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today announced that it has invested in C-Zero, a hard tech startup located in Santa Barbara, Calif., to accelerate the first commercial-scale deployment of C-Zero's drop-in decarbonization technology, which will allow industrial natural gas consumers to avoid producing CO2 in applications like electrical generation, process heating and the production of commodity chemicals like hydrogen and ammonia. The investment has been executed through Mitsubishi Heavy Industries America, Inc.
C-Zeros technology uses innovative thermocatalysis to split methane the primary molecule in natural gas into hydrogen and solid carbon in a process known as methane pyrolysis. The hydrogen can be used to help decarbonize a wide array of existing applications, including hydrogen production for fuel cell vehicles, while the carbon can be permanently sequestered. When renewable natural gas is used as the feedstock, C-Zero's technology can even be carbon negative, effectively extracting carbon dioxide from the atmosphere and permanently storing it in the form of high-density solid carbon.
With the investment, MHI continues to strengthen and diversify the hydrogen value chain, advancing both strategic initiatives for its energy transition business and its commitment to making continued progress toward global carbon neutrality goals. MHI joins a consortium of investors, including Breakthrough Energy Ventures, Eni Next and AP Ventures.
"MHI is committed to expanding the hydrogen value chain from production to utilization by developing technologies such as the hydrogen gas turbine, and by partnering with innovative technology and solution providers," said Yoshihiro Shiraiwa, MHIA President. "We believe C-Zeros technology will lead to more solutions that help us and our customers achieve our decarbonization goals."
"We are excited to enter the next stage of the company's growth with support from investors who share our desire to scale up a technology with the potential to decarbonize over a quarter of the world's energy consumption," said Zach Jones, C-Zero CEO. "By converting natural gas to clean hydrogen, a molecule with enormous potential, we hope to be the bridge between existing natural gas infrastructure and a low carbon future."
The investment signals cooperation around accelerating the use of "turquoise hydrogen," which could further strengthen the hydrogen value chain. Hydrogen produced via methane pyrolysis processes like C-Zero's is increasingly being referred to as "turquoise hydrogen," as it combines the benefits of both "blue hydrogen," (SMR with CO2 sequestration) and "green hydrogen" (produced by splitting water via electrolysis) by being low cost and low emissions, respectively.
As part of the investment, MHI will examine the potential of using the company's technology for the production and supply of hydrogen that could then be utilized for power generation systems and the decarbonization of industry.
Source: Mitsubishi Heavy Industries, Ltd.
Sectors: Energy
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
MHI Machine Tool Develops Gear Shaping Machine for High-Precision Small-Module Gears Used in Robots
March 01 2021 17:36 JST
Turboden of Italy Receives First Order for Binary Cycle Power Generation Equipment for Natural Gas Pipeline GCS in Egypt
February 16 2021 14:08 JST
MHI Thermal Systems Demonstrates the Potential to Remove and Inactivate the Novel Coronavirus (SARS-CoV-2) through Proprietary Air Purification Technology
February 10 2021 14:20 JST
Order Received for Philippines/29MW Binary Power Generation Project at EDC's Palayan Geothermal Power Plant
February 03 2021 10:47 JST
Operations Get Underway at MHI Vestas Japan Co., Ltd.
February 02 2021 10:54 JST
MHI Invests in Infinium, an Electrofuels Solution Provider, to Accelerate Efforts to Decarbonize the Transportation Sector
January 27 2021 16:46 JST
MHI-MS Names next-generation deck cranes "S Series"
January 27 2021 16:37 JST
MHIEC Receives Order from Kagoshima City to Refurbish Hokubu Waste-to-Energy Plant
January 26 2021 09:13 JST
Shell, Mitsubishi Heavy Industries, Vattenfall and Warme Hamburg sign Letter of Intent for 100MW Hydrogen Project in Hamburg
January 22 2021 21:23 JST
Low Carbon on Cement Possible with CCS
January 22 2021 08:04 JST
More Press release >>
Latest Press Release
Hitachi Developed the Hitachi Electronic Signature Service that Promotes to Eliminate Personal Seals with High Authenticity of Information by Blockchain Technology, and Starts Internal Operations
Mar 03, 2021 11:48 JST
DENSO, KDDI Research 5G's use in Automated Driving to Achieve Safe and Secure Mobility
Mar 03, 2021 11:16 JST
Toyota Plans to Issue 'Woven Planet Bonds'
Mar 02, 2021 15:34 JST
Lockheed Martin and NEC Put AI to Work on Programs like NASA's Artemis Mission
Mar 02, 2021 14:03 JST
New Drug Approval for in-House Developed Anti-Insomnia Drug Dayvigo (Lemborexant) in Hong Kong
Mar 02, 2021 09:06 JST
Mitsubishi Power Commences Development of World's First Ammonia-fired 40MW Class Gas Turbine System
Mar 01, 2021 18:46 JST
MHI Machine Tool Develops Gear Shaping Machine for High-Precision Small-Module Gears Used in Robots
Mar 01, 2021 18:36 JST
Flying Finn Rovanpera Claims the Championship Lead in the Toyota Yaris WRC
Mar 01, 2021 10:46 JST
BYD to Help Kyoto Reach Japan's 2050 Carbon Neutral Goal
Feb 26, 2021 11:20 JST
Fujitsu and University of Toronto Researchers Develop Quantum-Inspired Technology to Optimize Radiation Treatment Plans for Brain Tumors and Other Diseases
Feb 26, 2021 10:59 JST
DENSO and Yamato Transport Develop D-mobico, Compact Mobile Refrigerator
Feb 25, 2021 19:28 JST
Mazda Production and Sales Results for January 2021
Feb 25, 2021 17:33 JST
Honda Reports Production, Sales and Export Results in January, 2021
Feb 25, 2021 15:27 JST
Toyota's Global Sales and Production Up Year-on-Year in January for Fifth Consecutive Month
Feb 25, 2021 15:12 JST
Chubu Miraiz and MC to Launch New Assisted-Living JV
Feb 24, 2021 14:12 JST
Fujitsu Launches AI-powered Physical Rehabilitation Solution 'HOPE ROMREC' in Japan
Feb 24, 2021 10:39 JST
Toyota Breaks Ground for 'Woven City'
Feb 23, 2021 13:43 JST
Eisai: MHLW Grants Orphan Drug Designation in Japan to Novel FGF Receptor Selective Tyrosine Kinase Inhibitor E7090
Feb 22, 2021 15:40 JST
Eisai Receives Corporate Philanthropy Award for Its Efforts to Realize Human Health Care (hhc) Philosophy
Feb 22, 2021 13:11 JST
Northgate Public Services Becomes NEC Software Solutions UK from July 2021
Feb 22, 2021 12:59 JST
More Latest Release >>