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Hycamite logo — Hycamite produces low-carbon hydrogen and high-quality carbo...

Hycamite

Hycamite produces low-carbon hydrogen and high-quality carbon products by splitting methane.

Founded 2020 Finland Finland 64 employees Venture round Total: $35.00M Renewable Energy

General Information

Company Name Hycamite
Founded Year 2020
Location Finland Finland
Employees 64
Industries Renewable Energy
Funding Stage Venture round
Social

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About Hycamite

is a Finnish-based Renewable Energy startup founded in 2020. The company specializes in producing clean hydrogen and solid carbon through their proprietary zero-emission technology, known as thermo-catalytic decomposition (TCD) of methane molecules. This innovative methane pyrolysis technology, which boasts the potential to use only 13% of the energy required for hydrogen production compared to traditional electrolysis methods, allows for the production of low-carbon or even carbon-negative hydrogen. Hycamite’s solution not only facilitates carbon capture, utilization, and storage (CCUS), creating carbon sinks, but also provides industrial-quality carbon suitable for various demanding applications. The recent €25.00M Venture Round investment on 18 July 2023 was led by a consortium of investors, including Sojitz Corp., Holdix Oy Ab, HAI Capital Group, Ilmastorahasto - The Finnish Climate Fund, Stephen Industries, Turret Oy. With its environmentally friendly production processes that generate no atmospheric emissions and the use of sustainable catalysts, Hycamite places a strong emphasis on sustainability. The company's promising technology and recent investment signify its potential to make a substantial impact in the renewable energy sector.

Business keywords: clean hydrogen production, methane pyrolysis technology, carbon capture, carbon utilization, carbon storage, environmentally friendly production, zero-emission technology, sustainable catalysts, industrial-quality carbon, CCUS technology, green technology, sustainable materials, Finnish startups

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round €25.00M 6
Sojitz Corp. Holdix Oy Ab HAI Capital Group
Sojitz Corp., Holdix Oy Ab +4
18 Jul 2023
Debt Financing €10.00M 1
Ilmastorahasto - The Finnish Climate Fund
Ilmastorahasto - The Finnish Climate Fund
08 Feb 2023

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FAQ About Hycamite

Hycamite produces low-carbon hydrogen and high-quality carbon products by splitting methane.
Hycamite was founded in 2020.
Hycamite is headquartered in Finland.
Hycamite operates in Renewable Energy. Its work centres on clean hydrogen production, methane pyrolysis technology, carbon capture and carbon utilization.
Hycamite has approximately 64 employees.
Hycamite has completed 2 funding rounds, raising a total of $35.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Hycamite include Ekona Power, Parallel Carbon, Green Independence, TES, Versogen. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Hycamite and Ekona Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Hycamite, https://bouncewatch.com/company/hycamite-tcd-technologies, updated 29 December 2024. When citing, please name BounceWatch and link this page.

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