Tulum Energy successfully raised $27 million in a venture capital funding round led by CDP Venture Capital and TDK Ventures to advance its methane pyrolysis technology for clean hydrogen production in Mexico.

Target Information

Tulum Energy is a pioneering startup focused on advanced methane pyrolysis technology for clean hydrogen production. Recently, the company successfully secured a $27 million venture capital funding round, largely driven by CDP Venture Capital through its Green Transition Fund, and TDK Ventures, alongside a global consortium of prominent investors including Tulum TechEnergy Ventures and Doral Energy Tech Ventures. This investment underscores a strong confidence in Tulum Energy's innovative approach to clean hydrogen production.

Specializing in methane pyrolysis, Tulum Energy employs a chemical process that produces clean hydrogen (in its turquoise form) and solid carbon using natural gas or biogas as feedstock, all while avoiding CO2 emissions. This cutting-edge technology is designed to overcome the economic and infrastructural limitations associated with 'green' and 'blue' hydrogen, promising competitive costs for significant industrial hydrogen consumers such as refineries, ammonia manufacturers, and chemical plants.

Industry Overview in Mexico

In Mexico, the energy sector is undergoing substantial transformation, driven by global trends prioritizing sustainable development. The government aims to increase the share of clean energy sources in the national energy mix, presenting substantial o