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Molten Industries develops a cleaner, lower-cost method for hydrogen production for the chemical and heavy industries. Its technology yields hydrogen with much lower CO2 emissions than traditional methods, enabling large-scale decarbonization of hydrogen use in energy, fertilizer, fuels, and steel. It targets the roughly 100 million tons of hydrogen produced annually to meet demand with cost-competitive, lower-emission hydrogen. The goal is to commercialize the breakthrough technology and establish a leading role in clean hydrogen supply, helping to decarbonize energy infrastructure.
Industries
Industrial & Manufacturing
Energy
Company Size
11-50
Company Stage
Series A
Total Funding
$32.4M
Headquarters
Oakland, California
Founded
2021
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Total Funding
$32.4M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
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Posco partners with Molten to develop anode material. Under the arrangement, Molten will produce graphite via methane pyrolysis, which Posco Future M will then process into spherical graphite through its subsidiary FutureGraph before producing natural graphite anode material at its Sejong plant. Posco Future M is collaborating with US-based Molten to develop natural graphite anode material from non-mined raw materials. Posco Future M signed an MOU with Molten through which the South Korean company will combine its anode material technology with Molten's methane-based graphite production technology to strengthen its anode material feedstock supply chain, Posco said in a press release. Under the planned arrangement, Molten will produce graphite via methane pyrolysis, which Posco Future M will then process into spherical graphite through its subsidiary FutureGraph before producing natural graphite anode material at its Sejong plant. Graphite produced from methane gas contains lower levels of metallic impurities than mined graphite, reducing the number of purification steps required and yielding substantial cost savings in the production of natural graphite anode material. In addition, methane pyrolysis generates hydrogen as a co-product alongside graphite, which is expected to create synergies at the Posco Group level, including potential use of the hydrogen for power generation or as a feedstock for Posco's hydrogen-based direct reduction steelmaking operations, the press release said. "We have until now relied on graphite mined from conventional sources, but by combining the raw material and advanced materials expertise of both companies, we will secure key feedstock through an entirely new approach," Young-jun Hong, Head of the Posco Future M Technology Research Laboratory, said. "We expect this to give us a differentiated competitive edge in the global market through both supply chain diversification and cost reduction." Explore the evolving landscape of the electronics industry and plan your 2026 season with Evertiq Expo. On April 23 Evertiq New Media AB will inaugurate its first-ever Evertiq Expo in Zurich. Each event brings together key industry players, researchers and innovators shaping the future of electronics. To stay up to date with the latest developments, sign up for the Newsletter.
Molten Industries partners with U.S. Steel and CPFD Software to pioneer carbon-neutral steel production.
Molten Industries (“Molten”), a fast-growing American start-up that converts natural gas into clean graphite and hydrogen, has announced the successfu
Molten Industries, an Oakland, CA-based company that converts natural gas into clean graphite and hydrogen, raised $25M in Series A funding.
On June 14, the U.S. Department of Energy (DOE) announced $135 million in funding for 40 projects that will reduce the carbon footprint of the industrial sector and move the U.S. towards a net-zero emissions economy by 2050.
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Industries
Industrial & Manufacturing
Energy
Company Size
11-50
Company Stage
Series A
Total Funding
$32.4M
Headquarters
Oakland, California
Founded
2021
Find jobs on Simplify and start your career today