Thursday, October 19, 2023

Syzygy Plasmonics tops $100 million from investors in its ground-breaking chemical reactor which will help the burgeoning clean energy green hydrogen industry.

Happy Thursday!  How about the Astros game last night? 

Ever since the announcement last week in which the Houston area’s HyVelocity is going to receive federal funds, the hydrogen industry is receiving a lot of press time.  Here’s more good news for the Houston area and the road to cleaner energies and lower emissions.

Did anyone happen to read The Houston Chronicle on October 15, 2023, their article titled, “Clean hydrogen startup nets another big investor”?  In the article, it goes on to speak about a local venture enterprise, Syzygy Plasmonics has added another investor in its innovation of all electric chemical reactors Mitsubishi Heavy Industries America.  Mitsubishi has joined a line of investors which include names like Chevron Technology Ventures, Toyota Ventures, Saudi Aramco to name a few. The investors believe in the chemical reactor to the tune of $100 million, and they are willing to invest in it to get it commercialized for the upcoming green hydrogen business.  Syzygy Plasmonics is developing an all-electric chemical reactor, Rigel™, which uses light instead of combustion and this is an important technology, if ammonia is going to be split into hydrogen after its journey around the world in a cost-effective way.  Their reactor may be run by renewables, so the end product will be clean energy with very low emissions, if any.  This is good news for the hydrogen industry and HyVelocity, if we are going to reach our climate goals of net-zero.  If you would like to read more of The Houston Chronicle’s article, please click the link: Houston's Syzygy wins Mitsubishi Heavy Industries backing (houstonchronicle.com).

If you would like to learn more about HyVelocity, check out our last two blogs.  If you would like to know more about Syzygy Plasmonics check out our blog in May about the new start-up. 

If you would like help in looking into how to transport your product efficiently, safely, and with less of a carbon footprint, contact us via email in the blog and check out our ESC's website!

We hope you have a wonderful evening and a great rest of your week!  We only have one more day to the weekend!  See you tomorrow for another ESC News Blog.  

Astros play tonight at 7:03 p.m. C.T. GO ASTROS!

**Disclaimer: You may be charged a fee to read The Houston Chronicle’s article. **