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Molten Industries
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Provider of methane pyrolysis technology to generate zero carbon hydrogen

Founded in 2021
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Company type Private Public ()
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Industry Group energy & power

Sector hydrogen

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Oakland, CA Oakland, United States
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Updated by Sunena Gupta at on 06/24/2024

Edited by Cleantech Group on 08/05/2024

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Date Partner Type
07/23/2024
US Steel US Steel
Project backed by the US DOE will demonstrate the integration of methane-pyrolysis-driven hydrogen production with a pilot direct reduced iron (DRI) shaft furnace together with CPFD Software.
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Confirmed by US Steel
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IPO INFORMATION

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Date Investors Type Amount
07/23/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding will be used to demonstrate the integration of methane-pyrolysis-driven hydrogen production with a pilot direct reduced iron (DRI) shaft furnace at Molten's facility. The project is in partnership with US Steel and CPFD Software.
Grant $5,400,000
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