Unlocking the power of clean hydrogen.
Industrial hydrogen (H2) markets are dominated by upgrading, petroleum refining, and ammonia production. Steam methane reforming (SMR) is the current industry standard and lowest cost option for large-scale H2 production. SMR, however, generates substantial greenhouse gas emissions, which are costly to mitigate using carbon capture and sequestration (CCS). By contrast, green H2 solutions using electrolysis from renewable electricity are attractive for their ultra-low emissions, but they are energy intensive and expensive. New solutions are needed that can meet the growing demand for low carbon-intensity fuels and decarbonized industrial feedstocks without adding cost.
Ekona’s novel pulsed methane pyrolysis (PMP) solution converts NG into H2 and solid carbon, which significantly reduces CO2 emissions. The pyrolysis reactor uses the principles of pulsed-combustion and high-speed gas dynamics to dissociate feedstock methane. This unique solution is low-cost, scalable, and solves carbon fouling issues that plague other pyrolysis platforms. The PMP reactor can be integrated with industry-standard balance of plant for H2 purification and carbon separation, simplifying industrial process integration.
Since the PMP produces solid carbon, siting is not reliant on CCS infrastructure. Moreover, since water is not a required feedstock, the PMP can be located wherever NG infrastructure exists. Ekona’s PMP produces industrial H2 at costs comparable to incumbent SMRs, while reducing greenhouse gas emissions by up to 90%.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies
At Ekona, we are deeply committed to delivering clean energy solutions that cost-effectively address industry pain points. Our methane pyrolysis technology builds on existing natural gas infrastructure to deliver a solution that can accelerate the abatement of greenhouse gas emissions and rapidly scale clean hydrogen pathways for "tough to decarbonize" sectors of the economy. In 2022, Ekona closed a Series A round valued at CAD $79M.
The use of proceeds will support our technology development program, scaling and field deployment of our methane pyrolysis solution. Going forward, Ekona will be seeking new partners and opportunities for investment that will be directed towards scaling the technology for commercial deployment.