C-Zero, a Santa Barbara, CA-based clean energy company that has developed technology for natural gas decarbonization, raised $34M in funding.
The round was led by SK Gas, with participation from Engie New Ventures, Trafigura, Breakthrough Energy Ventures, Eni Next, Mitsubishi Heavy Industries and AP Ventures.
The company intends to use the funds to build its first pilot plant, which is expected to be online in Q1 2023.
Led by Zach Jones, President and CEO, and Eric McFarland, CTO, C-Zero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product. Its plant will be capable of producing up to 400kg of hydrogen per day from natural gas with no CO2 emissions.