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Modern Electron announced it raised $32.8 Million in an initial filing from an offering of $32.8 Million

Modern Electron announced it raised $32.8 Million in an initial filing from an offering of $32.8 Million

03/28/23, 1:56 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgbothell
Money raised
$32.8 million
Industry
sustainability
energy

Company Info

Company
Modern Electron, Inc.
Location
18912 north creek pkwy
bothell, washington, united states
Additional Info
Modern Electron is a cleantech company focused on heat & hydrogen. Our first solution decarbonizes gas use by converting customer’s gas to clean hydrogen onsite without CO2 emissions. Our second solution provides efficiency by transforming heat to power, saving money, and reducing carbon footprint, and providing resiliency in blackouts. Thus we can decarbonize the gas grid and enable widespread use of hydrogen, without requiring trillions and decades to build out hydrogen infrastructure. Our partners today include HVAC, utilities, biogas, and industrial manufacturing companies who rely on natural gas for heat & power and are looking for ways to reduce emissions quickly. Heat is 50% of final energy demand, so Modern Electron’s solutions are critical to meeting net zero climate goals.

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