Mantle8, a startup, has successfully raised €3.4m ($3.5m) in seed financing to embark on identifying natural hydrogen reservoirs that could produce hydrogen at an attractive price point of $0.80/kg. Backed by investors like Kiko Ventures and Breakthrough Energy Ventures Europe (BEV-E), Mantle8 aims to revolutionize the clean energy market with its innovative approach. By 2030, the company plans to discover 10 million tonnes of natural hydrogen to align with EU objectives. While Mantle8 is yet to reveal specific operational locations, it targets regions with iron-rich mantle rocks for exploration. The technology employed by Mantle8 is designed to be scalable and efficient in exploring the Earth for natural hydrogen deposits, boasting high accuracy and cost-saving benefits. Investors are optimistic about the potential of natural hydrogen, considering it a promising energy source with substantial value. This initiative is seen as a significant step towards decarbonisation and a move towards sustainable energy solutions. The concept of natural hydrogen has gained traction in recent times, portraying it as the next big thing in the energy sector. With the potential to be a game-changer in the fight against climate change, natural hydrogen is being considered as a valuable resource that could offer a low-cost and environmentally friendly alternative to traditional energy sources. The cost projections for natural hydrogen are promising, with expectations of it being around $1/kg depending on the quality and depth of deposits. This surge of interest in natural hydrogen signifies a shift towards cleaner and more sustainable energy practices, sparking enthusiasm among various stakeholders in the industry.