Exclusive: Tulum Energy rediscovered a forgotten hydrogen tech and used it to raise $27M
8 Articles
8 Articles
Having launched its own renewable projects and bought a mining company with lithium assets, the Techint group took another key step in its move towards the energy transition. Tulum Energy, a company incubated by TechEnergy - a corporate investment fund of industrial holding led by Paolo Rocca-, received a capitalization of US$ 27 million that will be used in the construction of a pilot turquoise hydrogen plant -based on natural gas- that will op…
Tulum Energy, a company specializing in methane pyrolysis technology, closed a risk financing round for 27 million dollars. The funds obtained in this round will go to the construction of a Tulum Energy pilot plant in Fisheries, Mexico, within the Ternium industrial complex, as they consider it the perfect partner to host their initial operations, as they have the infrastructure to scale the technology. The company was led by CDP Venture Capital…


Tulum Energy rediscovered a forgotten hydrogen tech and used it to raise $27M
Tulum Energy Rediscovered A Forgotten Hydrogen Tech And Used It To Raise $27M - Data Intelligence
It was a mistake that was ahead of its time. Between 2002 and 2005, engineers with the Techint Group were trying to dial in a new electric arc furnace for a steelmaker when they noticed something odd. The carbon electrodes, rather than breaking down, were growing larger. The team had inadvertently created what’s known as a pyrolysis reaction, which is basically burning something in the absence of oxygen. In this case, the furnace was splitting …
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