Thiozen commercializes a proprietary process that converts sour gas waste streams into low-cost, low-emission hydrogen. The company is an MIT spinout led by Ryan Gillis and has validated its technology in an in-field pilot unit in the Permian Basin. Thiozen intends to install its proprietary technology at a gas-processing site in Alberta to produce zero-emission hydrogen. The hydrogen produced will be used to decarbonize onsite operations and to demonstrate economically viable decarbonization for remote industrial locations. Thiozen received $3.2M in project funding for its Alberta project, administered by Emissions Reduction Alberta and Alberta Innovates, as part of a broader provincial commitment to advance the hydrogen economy. Thiozen develops a patented chemical cycle that converts hydrogen sulfide from sour gas waste streams into low-cost, low-emission hydrogen. The company recently validated its technology in an in-field pilot unit in the Permian Basin and plans to use new funding to advance commercial readiness and scale commercialization. Thiozen says its process can reduce global greenhouse gas emissions by more than 300 million metric tons per year and improve air quality near hydrogen infrastructure. The company will apply the NSF grants to perform additional experimental campaigns and projects demonstrating performance versus legacy hydrogen-production methods. Thiozen is a three-year-old MIT spinout headquartered in Pasadena, California. Thiozen is commercializing a novel process to produce low-cost, low-emission hydrogen from hydrogen sulfide and water. The technology was invented at MIT by Dr. Ryan Gillis and Professor William Green, and the company was founded out of MIT in 2020. Thiozen's leadership includes CEO Dr. Ryan Gillis, COO Ajay Bawa, and board member Professor William Green. The company is based in Beverly, MA at Northshore InnoVentures and is described as Boston, MA-based in reports. Thiozen raised $3m in seed funding and intends to use the funds to scale its technology to a commercial demonstration. Investors in the round included Eni Next, Good Growth Capital and Mount Wilson Ventures.

Total raised

$7M

Funding rounds

3

Latest round

Equity

Latest activity

Jul 2024