October 17, 2024
This week, Koloma raised a $50 million Series B extension round, bringing the company’s total investment to more than $350 million since it launched in 2021. Japan’s Osaka Gas and Mitsubishi Heavy Industries led the latest funding round, signaling the growing global interest in what, as of now, remains a mostly untapped clean energy resource.
Koloma, a Denver based company, is scouring the earth for underground reservoirs of naturally occurring hydrogen, which represents something like the holy grail for the energy transition: pure, carbon-free fuel that can be pulled straight from the source.
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