USA – Monolith, a Lincoln, NEB-based global leader in clean hydrogen, carbon black and ammonia, raised more than $300 million in funding.
The round was led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, with Decarbonization Partners, a partnership between BlackRock and Temasek, as co-lead. Additional investment was also received from NextEra Energy Resources, SK, Mitsubishi Heavy Industries America and Azimuth Capital Management. This latest round of funding will be applied toward further technological development that will offer next generation product capabilities and other corporate-level expansion. It will also enable Monolith’s continued development of a deep backlog of clean hydrogen, ammonia and carbon projects with industry leading partners.Led by Rob Hanson, co-founder and CEO, Monolith cleanly produces essential materials including hydrogen and carbon black by utilizing an innovative and proprietary breakthrough in commercial-scale methane pyrolysis, and was the first U.S. manufacturer to produce clean hydrogen using methane pyrolysis at scale. Headquartered in Lincoln, Neb., Monolith was founded in 2012 and currently operates its first commercial-scale production facility in Hallam, Neb., and has offices and R&D facilities in Lincoln, San Carlos, Calif., Denver, Colo., and Kansas City, Kan. Its newest production facility, Olive Creek 2, is expected to be completed in 2026.14/07/2022
