Today they announced the close of a $79 million equity investment round led by Baker Hughes, with participation from prominent partners, including Mitsui, Severstal, ConocoPhillips, TransAlta, and BDC Capital.
Ekona Power develops a revolutionary methane pyrolysis platform to produce industrial-scale hydrogen that is both clean and low-cost.
Hydrogen is a promising pathway for reducing greenhouse gas emissions in transportation, heat and power, as well as many tough-to-decarbonize industries. However, to fully unlock its true potential, hydrogen production must be both clean and low cost.
Ekona’s novel methane pyrolysis solution disassociates feedstock methane into hydrogen and solid carbon, thereby drastically reducing CO2 emissions. Built on the principles of combustion and high-speed gas dynamics, the platform is low-cost, scalable, and can be flexibly sited wherever natural gas infrastructure exists.