Milan-based startup Tulum Energy is making waves in the clean energy sector with its groundbreaking approach to hydrogen production. Recently, the company secured a significant boost by raising an impressive €22.9 million in a Seed funding round. This substantial investment aims to propel Tulum’s mission of advancing scalable low-carbon hydrogen production for industrial applications.
The funding round was co-led by prominent investors, including TDK Ventures, a subsidiary of TDK Corporation, and CDP Venture Capital, signaling strong support and confidence in Tulum’s innovative technology. Massimiliano Pieri, CEO and Co-founder of Tulum Energy, expressed excitement about the partnership with TDK Ventures, highlighting the strategic value it brings to both companies. He stated,
“We are thrilled to partner with TDK Ventures, whose global reach and technical expertise will be invaluable as we move to pilot and commercial scale.”
Tulum Energy was founded in 2024 as a spin-off from Techint Group, a renowned global leader in steel, engineering, and energy sectors. Leveraging TechEnergy Ventures’ expertise within the Techint Group’s Energy Transition Division, Tulum focuses on developing a cost-effective alternative for hydrogen production that is both efficient and environmentally friendly.
One of the key innovations driving Tulum’s success lies in its utilization of electric arc furnace (EAF) technology for hydrogen production—a method traditionally used in steel manufacturing but adapted by Tulum for cleaner energy purposes. With backing from Tenova, a subsidiary specializing in EAFs within the Techint Group, Tulum aims to deliver hydrogen at competitive costs while significantly reducing greenhouse gas emissions.
CEO Massimiliano Pieri brings valuable industry experience to the table, having previously held leadership roles at M2X Energy and Eni Next. Together with CTO Donald Kendrick’s expertise from Ekona, they lead a talented team focused on revolutionizing hydrogen production through cutting-edge plasma reactor technology.
Nicolas Sauvage from TDK Ventures commended Tulum’s innovative approach by stating,
“Tulum’s innovative reactor could be a game-changer…Their technology offers superior energy efficiency… By harnessing the potential of turquoise hydrogen.”
This endorsement underscores the transformative potential of Tulum’s clean energy solutions.
Tulum Energy’s method boasts several advantages over traditional hydrogen production technologies:
– **High Efficiency:** The projected energy requirement is approximately five times more efficient than current green hydrogen methods.
– **Scalability:** Repurposing EAF technology allows for meeting large-scale demands across various industries.
– **Cost Competitiveness:** Anticipated production costs rival grey hydrogen alternatives without subsidies or additional revenue streams.
– **Non-Catalytic Technology:** The electric arc enables efficient methane pyrolysis without complex catalytic processes.
– **Reduced Footprint:** Tulum’s plants require significantly less land compared to green-hydrogen facilities.
The recent funding injection will enable construction of their inaugural pilot plant in Pesquería, Mexico—a crucial step towards commercial operations. Situated within Latin America’s leading steel company complex under Techint Group—Ternium—the pilot plant represents a significant milestone for scaling up clean hydrogen production.
In conclusion…
Tulum Energy stands at the forefront of Italy’s burgeoning green technology landscape with its commitment to sustainable innovation and environmental stewardship. Through strategic partnerships and cutting-edge solutions like their plasma reactor technology powered by EAF methodology—Tulum is poised to reshape how industries produce clean energy globally.
As they forge ahead on this revolutionary path towards decarbonization and sustainability—we can expect great things from this Italian powerhouse driving positive change through clean energy solutions!
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