Hycamite, a Finland-based company specializing in producing low-carbon hydrogen and carbon products through methane splitting, recently announced securing €44M in a series A investment. The investment, which was split into two steps, aims to boost the company's operations, particularly the start of its industrial-scale demonstration unit. Sojitz Group led the funding round with support from existing investors like Holdix Oy, Turret Oy, and Stephen Industries Oy, as well as new investors OMV Petrom and MOL PLUS. The company's technology, based on thermo-catalytic decomposition, requires significantly less energy for hydrogen production compared to traditional methods. It enables the production of low-carbon or carbon-negative hydrogen from various sources and supports carbon capture and utilization. Hycamite is actively collaborating with industrial partners to establish cost-effective decarbonisation solutions, leveraging standardized technology and existing infrastructure for rapid deployment. Currently, the company is in the process of commissioning an industrial-scale unit in Kokkola, Finland. The investment and support from various stakeholders indicate a positive outlook for Hycamite's innovative approach to clean energy solutions. The investors, including OMV Petrom and MOL PLUS, expressed enthusiasm for the partnership and the potential of Hycamite's technology in the transition to cleaner energy sources. Overall, the company's focus on industrial scalability and commitment to driving decarbonisation efforts through advanced technology signifies a promising step towards a more sustainable energy future.