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Monolith Materials Receives Investments From Sk Inc. And Nextera Energy Resources

Jun 03, 2021•about 4 years ago

Description

Monolith Materials, Inc., a leader in green hydrogen production, today announced it has received new investments from a consortium of investors led by SK Inc. and includes NextEra Energy Resources, LLC and Perry Creek Capital. This round also included additional investment from current Monolith funders Azimuth Capital Management, Cornell Capital and Warburg Pincus. These investments are the latest in a series of recent growth announcements for Monolith as it garners additional support for its innovative commercial-scale, clean hydrogen manufacturing technology

Company Information

Company

Monolith Materials

About

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.