TDK Corporation's subsidiary TDK Ventures has co-led a $27 million seed round investment in Tulum Energy to support the development of its innovative methane pyrolysis technology for clean hydrogen production.

Target Information

Tulum Energy is a transformative climate-tech startup based in Milan, Italy, specializing in the production of clean hydrogen through an advanced methane pyrolysis method, also known as turquoise hydrogen. The company was established by TechEnergy Ventures, the corporate venture capital arm of the Techint Group, a prominent global player in steel, engineering, and energy. Tulum aims to develop and commercialize a unique and scalable hydrogen production solution by repurposing proven electric arc furnace (EAF) technology, which is commonly utilized in steel manufacturing, to produce hydrogen efficiently and sustainably.

With a commitment to decarbonization, Tulum seeks to cater to major industrial hydrogen users such as steel producers, chemical plants, and refineries. The company’s innovative approach positions it to achieve hydrogen production costs comparable to conventional grey hydrogen, while significantly decreasing greenhouse gas emissions, thus aligning with global efforts to create a more sustainable future.

Industry Overview

The global hydrogen market, valued at approximately $125 billion USD, currently sees clean hydrogen accounting for only about 1% due to prohibitive costs and complex project requirements. Traditional methods of hydrogen production, particularly those relying on foss