LINCOLN, NE, Monolith, a global leader in clean hydrogen, carbon black and ammonia, today announced its latest investment round of more than $300 million.
Led by TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, with Decarbonization Partners, a partnership between BlackRock and Temasek, as co-lead, the investment marks the latest milestone in the company's global decarbonization efforts. Additional investment was also received from NextEra Energy Resources, SK, Mitsubishi Heavy Industries America and Azimuth Capital Management. The existing investor group, including Azimuth Capital Management, Cornell Capital and Warburg Pincus will retain their majority ownership stake in the company.
Monolith is a nextgeneration clean hydrogen and materials company that uses 100% carbon-free energy as part of a proprietary process to convert conventional and renewable natural gas to hydrogen and carbon black in an environmentally advantaged manner.
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