TDK Ventures Invests in Tulum Energy to Advance Scalable Low-Carbon Hydrogen Production [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
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Source: Yahoo! Finance
Tulum's novel technology addresses these barriers and enables wider adoption of clean hydrogen by today's largest existing users of hydrogen such as steel producers, chemical plants, and refineries The existing hydrogen market is valued at approximately $125B USD with clean hydrogen representing only about 1% of the market due to high costs and complex project requirements SAN JOSE, Calif., July 08, 2025 BUSINESS WIRE )--TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures, Inc. has co-led the $27 million seed round of Tulum Energy, a pioneering startup producing clean hydrogen solutions for industrial applications through methane pyrolysis (aka: turquoise hydrogen) and by repurposing the designs of already mature industrial equipment. TDK Ventures' investment will be used to accelerate the development of Tulum's innovative clean hydrogen production technology, which leverages commercially available electric-arc plasma reactor technology to achieve cost parity
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