ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
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, Alternatives
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST
Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST
Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST
Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST
Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST
1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST
Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
Jun 30, 2025 19:25 JST
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
Jun 30, 2025 19:20 JST
MHI-AC&R Receives Recommendation Award of JARAC's 42nd Excellent Energy Saving Equipment Awards
Jun 30, 2025 19:00 JST
The University of Osaka and Fujitsu Japan launch joint research on AI-powered education support for culturally and linguistically diverse children in Japan
Jun 30, 2025 12:00 JST
More Latest Release >>
Related Release
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
7/2/2025 11:30:00 AM JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
7/1/2025 10:40:00 PM JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
6/30/2025 8:30:00 PM JST
MHI-AC&R Receives Recommendation Award of JARAC's 42nd Excellent Energy Saving Equipment Awards
6/30/2025 7:00:00 PM JST
MHI Receives Contract for Refurbishment of APM System at Singapore Changi Airport
6/25/2025 2:00:00 PM JST
MHI Receives Order to Supply 5 Models of Pumps, a Total of 34 Units, for Sizewell C Unit 1 and 2 in the UK from Trillium Flow Technologies
6/17/2025 5:10:00 PM JST
MHI Thermal Systems Receives A' Design Awards
6/4/2025 2:10:00 PM JST
Ministry of Energy of Uzbekistan and MHI Sign MOU to Conduct Joint Study of Decarbonization Strategy for Uzbekistan
5/27/2025 9:49:00 AM JST
MHI Conducts Flight Test for Hybrid-Type Medium-Sized UAV
5/22/2025 1:35:00 PM JST
MHI Marine Machinery Begin Demonstration Testing of Methane Oxidation Catalyst System for Marine LNG Engines
5/20/2025 1:51:00 PM JST
More Press release >>