Carbon-negative energy company Mote has secured $7 million in the first phase of its Series A funding round. The investment was led by Nella Next and Preston-Werner Ventures , with participation from Counteract and other strategic partners committed to energy sustainability in the United States.
A clean energy model based on biomass technology
The company has developed a Biomass Carbon Removal and Storage ( BiCRS ) technology, which transforms agricultural and forestry waste into clean hydrogen while permanently capturing and storing CO₂.
[post_relacionado]According to data from the U.S. Department of Energy, the country has up to 1.5 billion dry tons of biomass available annually. This abundance of resources allows technologies like Mote’s to have high scalability potential. Furthermore, according to Precedence Research , the global market for low-carbon hydrogen will grow from $26.39 billion in 2024 to $113.13 billion in 2034.
With the funding secured, Mote is looking to launch its first large-scale commercial plant, expand its engineering team, and strengthen partnerships in sectors such as forestry, hydrogen, and renewable energy. The company has support from entities such as the U.S. Department of Energy , CalFire , and the U.S. Forest Service .
We’ve received broad support and expert endorsement over the years thanks to the solid foundation of our approach. This initial Series A investment reflects the continued demand for carbon-negative energy solutions, reinforcing the idea that clean energy can be economically viable and contribute to U.S. energy leadership.
Joshuah Stolaroff, CEO of Mote.
Mote’s technology enables the generation of clean hydrogen and adds value to the circular economy by reusing waste for energy production. As global interest in decarbonization and sustainable resource management grows,
Follow us on social media and don’t miss any of our posts!
YouTube LinkedIn Facebook Instagram X (Twitter) TikTok
Source and photo: Mote