Ecombustible Energy Receives $11.2 Million Strategic Investment In Connection With Entry Into A $500 Million Follow-On Contract With Pamesa Group For Ecombustible's Hydrogen-Based Fuel Supply In Spain
Ecombustible Energy Receives $11.2 Million Strategic Investment In Connection With Entry Into A $500 Million Follow-On Contract With Pamesa Group For Ecombustible's Hydrogen-Based Fuel Supply In Spain
04/05/22, 8:01 AM
Location
miamiMoney raised
$11.2 million
eCombustible Energy LLC, an innovator and provider of customizable hydrogen-based fuel for thermal industrial applications, has received an $11.2 million strategic investment as well as signed a follow-on contract with Pamesa Grupo Empresarial, S.L. ("Pamesa"), one of Europe's largest ceramic tile producers, to increase the use of eCombustible fuel at their ceramic products factories in Spain. eCombustible Energy's contract with Pamesa has a term of 10 years and anticipated revenues of over $500 million.
Company Info
Location
miami, florida, united states
Additional Info
Founded in 2010 by Miami-based entrepreneur and investor Jorge Arevalo, eCombustible Energy offers a long-term fuel supply solution that is designed to provide the world's most fossil-fuel dependent industries with a fuel that is carbon-free, cost-competitive, and requires little to no modification to existing customer equipment. The efficacy of its hydrogen-based fuel, eCombustible, has been validated through testing and independent assessments by third-party engineering firms. For more information visit www.ecombustible.com.