Mote Secures $7 Million in Funding for Carbon-Negative Hydrogen Production Technology
Key Ideas
- Mote, a technology leader in carbon-negative energy production, secured $7 million in Series A funding led by Nella Next and Preston-Werner Ventures.
- The funding will support Mote's innovative approach to energy production from wood waste, focusing on Biomass Carbon Removal and Storage (BiCRS) to produce clean hydrogen while sequestering CO₂.
- Mote's technology, developed from research at Lawrence Livermore National Laboratory, aims to strengthen domestic energy independence, support forestry management, and advance sustainable energy solutions in sectors like transportation and industrial manufacturing.
- The investment reflects the growing demand for carbon-negative energy solutions and highlights Mote's contribution to economic resilience, climate action, and smart forestry management.
Mote, a leader in carbon-negative energy production, announced the successful first closing of its Series A funding round, securing $7 million in investment. The funding, led by Nella Next and Preston-Werner Ventures, aims to advance Mote's revolutionary approach to energy production from wood waste with carbon capture, known as Biomass Carbon Removal and Storage (BiCRS). This process involves converting agricultural and forestry waste into clean hydrogen while effectively sequestering CO₂, addressing critical environmental challenges. Mote's patented technology not only increases hydrogen production but also enhances efficiency, reduces emissions, and offers a scalable solution that contributes to U.S. energy security.
The U.S. Department of Energy notes the significant biomass resource base in the country, presenting an opportunity for carbon-negative hydrogen production using agricultural and forestry residues. Mote's commercial-scale facility, supported by the funding, will further expand its engineering capabilities and establish strategic partnerships in the hydrogen, forestry, and energy sectors. The company's BiCRS process, developed from research at Lawrence Livermore National Laboratory, has garnered support from various agencies and stakeholders as a tangible pathway to decarbonization.
By collaborating with agricultural and forestry communities, Mote is driving the transition to a circular economy that transforms waste into clean energy, fosters local economic growth, and enhances energy and environmental resilience. The investment reflects the confidence in Mote's innovation and leadership, with a focus on clean domestic energy infrastructure and climate action. Mote's technology not only delivers clean energy but also aligns with national priorities for energy independence, diversification, and economic growth, making it a compelling solution for sectors that rely on hydrogen.
Topics
Production
Renewable Energy
Clean Energy
Innovation
Energy Sector
Carbon Capture
Economic Growth
Biomass
Funding Round
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