Thiozen raises $3 million to advance low emission hydrogen, the MIT hydrogen startup is backed by ENI Venture Capital Arm.
Thiozen Inc., a pioneer in low emission hydrogen technology, announced that it has raised $3 million in Series Seed funding. The round was led by Eni Next, the venture investment vehicle of Eni S.p.A, with participation from Good Growth Capital and Mount Wilson Ventures.
Thiozen is developing a unique solution that would dramatically reduce emissions in the energy industry. It generates hydrogen from a high-volume industrial waste stream and water, avoiding the large carbon footprint of traditional hydrogen production.
Ryan Gillis, CEO of Thiozen Inc.
š„ What about we co-host a webinar? Let's educate, captivate, and convert the hydrogen economy!
Hydrogen Central is the global go-to online magazine for the hydrogen economy, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
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 decarbonization.
“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.”
Mr. Gabriele Franceschini, Chairman and CEO of Eni Next.
We are very excited to partner with Thiozen, a company founded by high caliber scientists to develop and commercialize 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.”
Thiozen will use the Series Seed funds to scale its technology to a commercial demonstration. Success will accelerate the energy transition by allowing large energy customers to turn a waste stream into valuable low emission hydrogen gas.
READ the latest news shaping the hydrogen market at Hydrogen Central
Thiozen raises $3 million to advance low emission hydrogen, BOSTON, September 8, 2021
