C-Zero: Closes $34M Financing Round

C-Zero Closes $34M Financing Round

• C-Zero, a Santa Barbara, CA-based clean energy company that has developed technology for natural gas decarbonization, raised $34M in funding
• The round was led by SK Gas, with participation from Engie New Ventures, Trafigura, Breakthrough Energy Ventures, Eni Next, Mitsubishi Heavy Industries and AP Ventures
• The company intends to use the funds to build its first pilot plant, which is expected to be online in Q1 2023
• CZero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product
• Its plant will be capable of producing up to 400kg of hydrogen per day from natural gas with no CO2 emissions