Ekona Power Inc. has entered into a convertible debenture with BDC Capital that will help the company develop its novel technology for low-cost blue H₂ production.

The convertible debenture is valued at $3 MM, which provides Ekona with needed capital for its technology development program. 

Ekona's pulsed-methane pyrolysis (PMP) solution converts natural gas feedstock into H₂ and solid carbon, virtually eliminating CO₂ emissions. Ekona's patent-pending PMP reactor uses the principles of pulse-combustion and high-speed gas dynamics to dissociate feedstock methane. This unique reactor is low-cost, scalable and solves carbon fouling issues that plague other pyrolysis platforms. 

Ekona is targeting industrial H₂ and natural gas decarbonization markets for its H₂ technology, and is seeking to leverage new markets for byproduct carbon that can further reduce its H₂ production costs. In 2020, Ekona was selected by Breakthrough Energy Solutions Canada (BESC) as one of 10 Canadian cohort companies developing promising high-impact climate solutions.