Molten Industries fires up hydrogen for industry
- Alan Neuhauser, author of Axios Pro: Climate Deals
Bill Gates at a summit in New York City in September. Photo: Michael Nagle/Bloomberg via Getty Images
Stanford grad Kevin Bush has built a few 2,200-degree furnaces, and he's earned a Breakthrough Energy fellowship for his work.
Why it matters: Bush and his co-founder, Caleb Boyd, say they've developed an efficient means to produce clean hydrogen, particularly for the petrochemical and heavy industrial sectors.
- Their company, Molten Industries, has raised around $2.5 million since its launch in 2021.
Catch up fast: Breakthrough Energy, the climate organization founded by Bill Gates, announced this morning that it has accepted another batch of companies to its fellows program. The fellowship offers funding and mentorship to early-stage startups.
Driving the news: "We basically make reactors that don’t clog. And we take the carbon out as a solid, which can be easily sequestered rather than as a gaseous CO2, which is very difficult to separate from the air," Bush tells Alan.
- That carbon could also potentially be sold for an additional revenue stream, Bush says.
Editor's note: This story has been corrected to show that Breakthrough Energy (not Breakthrough Energy Ventures) runs the fellowship program.