Sk Inc. Leads Investment In Monolith Materials To Accelerate Green Energy Growth
06/03/21, 1:20 PM
SK Inc., the investment firm for South Korea's third-largest conglomerate, announced today it is the lead investor in the latest round of funding for Monolith Materials, Inc., a U.S.-based leader in green hydrogen technologies. The investment will support expansion of Monolith's green hydrogen production facility in Nebraska and further SK's strategy to make carbon-neutral energy accessible to global markets as part of a commitment to Environmental, Social and Corporate Governance (ESG) management practices.
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Monolith Materials is a next–generation green hydrogen and clean materials company that uses renewable electricity as part of a proprietary process to convert conventional and renewable natural gas to green hydrogen and carbon black in an environmentally advantaged manner. Monolith is backed by Azimuth Capital Management, Cornell Capital LLC, Imperative Ventures, Warburg Pincus, Mitsubishi Heavy Industries America, SK Inc., NextEra Energy Resources, LLC. and Perry Creek Capital. For more information on Monolith Materials visit www.monolithmaterials.com.