Thiozen Inc.has raised $3 MM in Series Seed funding in a round led by Eni Next, the venture investment vehicle of Eni S.p.A, with participation from Good Growth Capital and Mount Wilson Ventures. The company is developing a unique solution that generates hydrogen from a high-volume industrial waste stream and water, avoiding the large carbon footprint of traditional hydrogen production.

"Thiozen is a pragmatic response to greenhouse gas emissions for the energy industry, a sector that faces perhaps the most difficulty in their path to decarbonization," said Ryan Gillis, CEO of Thiozen Inc. "Commitments to reduce greenhouse gas emissions are just words until the technology that allows these reductions is brought to market. We are excited to be working with a high caliber group of investors that shares our vision of a low carbon world."

Thiozen will use the Series Seed funds to scale its technology to a commercial demonstration. Success will accelerate the energy transition by allowing large energy customers to turn a waste stream into valuable low emission hydrogen gas.