<ul data-eligibleForWebStory="false"><li>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.</li><li>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.</li><li>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.</li><li>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.</li></ul>

Italian hydrogen company Tulum Energy raises €22.9 million to advance scalable low-carbon hydrogen production

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