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Ekona Power Inc. Receives Cad $79 Million Equity Investment To Commercialize Clean Hydrogen Technology

Feb 01, 2022•over 3 years ago

Amount Raised

$79 Million

Vancouver

Description

Ekona Power Inc., a Vancouver-based venture that is developing a novel hydrogen production technology, today announced its close of a CAD $79 million equity investment. The investment will help support the commercial readiness of Ekona’s novel methane pyrolysis technology platform, which produces clean and low-cost hydrogen. Led by Baker Hughes, the funding round also received participation from prominent partners, including Mitsui, Severstal, ConocoPhillips, TransAlta, Continental Resources, NGIF Cleantech Ventures, and BDC Capital.

Company Information

Company

Ekona Power

Location

Vancouver, Washington, United States

About

Ekona is a Vancouver-based venture established by Evok Innovations and Innovative Breakthrough Energy Technology (IBET). Ekona is developing a revolutionary technology that transforms the way we produce clean hydrogen. Our solution is an innovative and low-cost methane pyrolysis platform that converts natural gas into hydrogen and solid carbon, drastically reducing greenhouse gas emissions. Visit us at https://www.ekonapower.com.

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