Magnusson, a legal advisory firm, played a crucial role in facilitating a 44 million euro investment for Hycamite TCD Technologies, a company focused on low-carbon hydrogen production. The two-step series A financing round involved strategic and financial investors who recognized the potential of Hycamite's innovative technology. Hycamite has set up a methane-splitting plant in Kokkola, Finland, which is the largest in Europe. Their technology allows for the production of hydrogen and solid carbon products while consuming only 13% of the energy typically needed for hydrogen production via electrolysis. This approach aligns with the growing demand for sustainable and environmentally friendly solutions. Laura Rahikka, the CEO and Co-Founder of Hycamite, highlighted the significance of this investment in advancing the company's industrial scaling. The legal advisory team from Magnusson, led by Partner Heikki Wide and supported by other professionals, provided expert guidance throughout the financing process. This collaboration not only underlines the confidence in Hycamite's vision but also showcases the importance of legal expertise in complex financial transactions. The successful completion of this financing round is a significant step towards Hycamite's goal of expanding their low-carbon hydrogen and solid carbon production, contributing to the transition towards cleaner energy sources.