Koloma Raises $245M for Natural Hydrogen

Natural hydrogen startup Koloma has raised $245 million in Series B funding. This round was led by Khosla Ventures and included Amazon’s climate fund and United Airlines’ VC fund.

Koloma has previously raised $91 million, including funds from Bill Gates’ Breakthrough Energy Ventures. 

Koloma is researching how hydrogen is naturally formed in rock systems. With these models, the company plans to stimulate hydrogen production in nature. Then, hydrogen can be extracted for use as fuels or other applications. 

This recent funding follows a $900k award from the U.S. Department of Energy aimed at natural hydrogen production. Koloma is one out of ten companies to receive funding from the DOE under this $20 million program.

 

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