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Rimere secures 10 million tech enables production clean hydrogen and graphene
Rimere secures $10 Million for tech that enables the production of clean hydrogen and graphene
According to a recent press release, Rimere, a company specializing in climate solutions, has closed a $10 million strategic investment from Clean Energy Fuels Corp., aimed at advancing the development and field testing of its proprietary plasma technology. This technology is designed to reduce emissions from natural gas infrastructure and facilitate the production of clean hydrogen and graphene.The investment will accelerate the deployment of Rimere’s two devices, the Reformer and the Mitigator. The Reformer employs a sequential hybrid plasma process to convert natural gas into hydrogen and high-quality graphene, a process that remarkably does not produce CO2 emissions. In particular, when renewable natural gas is utilized, the hydrogen generated can achieve a negative carbon intensity rating. Meanwhile, the Mitigator acts as a plasma thermal oxidizer to lessen the impact of methane emissions that often escape from natural gas systems. This technology provides a cost-effective solution for mitigating methane emissions, especially from compressors and pneumatic controllers along pipelines.Mitchell Pratt, CEO of Rimere, expressed that the support from Clean Energy will significantly contribute to the development of these technologies, which have the potential to make an immediate impact on global climate change efforts.Andrew J. Littlefair, president and CEO of Clean Energy, highlighted the company's longstanding commitment to environmental issues and sees the investment in Rimere as a strategic move to address the challenges in the natural gas and hydrogen sectors by providing emission-free solutions.Since its inception in 2020, Rimere has raised a total of $18.25 million of committed capital and is currently an equity method investee of Clean Energy.
Source:
uk.investing.com
Tags:
Graphene investing and financials
Graphene production
Posted: Feb 15,2024 by Roni Peleg
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