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South Korean investor backs US hydrogen production

SK Inc Leads Investment in Monolith Materials to Accelerate Green Energy Growth

Monolith Materials Receives Investments from SK Inc and NextEra Energy Resources

Share this article Share this article LINCOLN, Neb., June 3, 2021 /PRNewswire/  Monolith Materials, Inc., a leader in green hydrogen production, today announced it has received new investments from a consortium of investors led by SK Inc. and includes NextEra Energy Resources, LLC and Perry Creek Capital. This round also included additional investment from current Monolith funders Azimuth Capital Management, Cornell Capital and Warburg Pincus. These investments are the latest in a series of recent growth announcements for Monolith as it garners additional support for its innovative commercial-scale, clean hydrogen manufacturing technology. Monolith Materials is the first U.S. manufacturer to produce an industry-transforming hydrogen known as green hydrogen on a commercial scale using its proprietary methane pyrolysis process.

SK Inc C&C, Co Ltd and BriteLab, Inc Sign Partnership Agreement to collaborate for the Joint Development of Global Manufacturing high-tech Business in the U S

The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire

Shortly after publication, Steve Hill, president of the Las Vegas Convention and Visitors Authority (LVCVA), tweeted that a Loop test this week, with a few hundred participants, had demonstrated its planned 4,400 passenger per hour capacity, which could release $13 million in construction funds currently being held back. The IPO about six months since the company raised $1.7 billion in a funding round that included backing from SoftBank Vision Fund, Sequoia Capital China, Permira, Fidelity, Hillhouse Capital, GGV Capital, Lightspeed China Partners, Tencent and Jack Ma's YF Capital.

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