Ekona Power is a Renewable Energy startup that aims to revolutionize clean energy production. Founded in 2017 and headquartered in Canada, the company's slogan, "What if one of the most abundant hydrocarbons could fuel a clean energy future?" encapsulates its mission. Ekona Power is committed to developing a breakthrough technology for clean hydrogen production that addresses the challenges of cost and energy intensity associated with existing methods. Their innovative and scalable methane pyrolysis platform converts natural gas into hydrogen and solid carbon, effectively eliminating greenhouse gas emissions.
The company recently secured a significant $79.00M Series A investment on 01 February 2022, with a diverse group of investors including Baker Hughes, Natural Gas Innovation Fund, BDC Capital, Continental, Mitsui & Co, TransAlta, ConocoPhillips, Severstal Ventures, and BDC Capital Cleantech Practice. This substantial investment underscores the growing interest and confidence in Ekona Power's potential to drive the clean energy transition.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $1.00M | 1 | Natural Resources Canada | 09 Jul 2024 |
Grant | $1.00M | 1 | 23 Apr 2024 | |
Series A | $79.00M | 9 | TransAlta, Severstal Ventures +3 | 01 Feb 2022 |
Series A | Unknown | 8 | Pacific Economic Development Canada, Natural Resources Canada +4 | 09 Nov 2021 |
Convertible Note | $3.00M | - | 19 Jan 2021 |
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