Italian hydrogen company Tulum Energy has raised €22.9 million in a Seed funding round led by TDK Ventures and CDP Venture Capital to accelerate the development of its clean hydrogen production technology.
Tulum Energy, founded in 2024 and spun out of Techint Group, aims to offer a scalable and cost-effective alternative to conventional hydrogen production, focusing on reducing greenhouse gas emissions.
The company leverages electric arc furnace technology to produce hydrogen at competitive costs compared to grey hydrogen, achieving up to a 95% reduction in greenhouse gas emissions.
Tulum Energy's innovative approach to hydrogen generation, with high efficiency, scalability, cost competitiveness, non-catalytic technology, and reduced land footprint, aims to revolutionize clean hydrogen production for industrial applications.