Monolith logo — company profile

Monolith

Founded 2012 United States Lincoln, United States 234 employees Private Equity Total: $364.30M Energy, Manufacturing

General Information

Company Name Monolith
Founded Year 2012
Location United States Lincoln, United States
Founders / Decision Makers
Team member
Employees 234
Industries Energy, Manufacturing
Funding Stage Private Equity
Social

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About Monolith

Monolith, founded in 2012 and headquartered in the United States, is at the forefront of sustainable manufacturing and energy innovation. The company specializes in cutting-edge pyrolysis technology to produce low-emission carbon black and hydrogen, thus aligning with the growing industrial emphasis on sustainability and environmental stewardship. Operating within the Energy and Manufacturing sectors, Monolith has positioned itself as a leader in the movement towards cleaner industrial processes.

In a significant move to bolster its scaling efforts, Monolith secured a substantial $300M in a Private Equity Round on July 14, 2022. The investment was led by prominent backers such as NextEra Energy Resources, Azimuth Capital Management, SK, TPG Rise Climate Fund, Mitsubishi Heavy Industries, and Decarbonization Partners. These investments not only reflect confidence in Monolith’s technological capabilities but also in its potential to reshape sustainable manufacturing practices globally.

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round $300.00M 6
NextEra Energy Resources, Azimuth Capital Management +4
14 Jul 2022
Corporate Round Undisclosed 1
SK Group
03 Jun 2021
Corporate Round Undisclosed 1
Mitsubishi Heavy Industries
30 Nov 2020
Series C $20.00M -
25 Aug 2020
Venture Round $17.30M -
10 Dec 2019
Private Equity Round Undisclosed 1
Azimuth Capital Management
17 Jan 2018
Venture Round $6.00M -
10 Oct 2017
Venture Round $12.00M -
30 Jul 2015
Venture Round $9.00M -
26 Mar 2013
Venture Round Undisclosed 2
Warburg Pincus, Cornell Capital
09 Dec 2011

Monolith Alternatives & Competitors

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Monolith vs

🚀 Driving the global energy transition with the most reliable and secure hydrogen energy storage so...

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Monolith vs
BayoTech Hydrogen
BayoTech Hydrogen United States

Low-cost, low-carbon hydrogen, supplied reliably. BayoTech makes hydrogen easy. www.bayotech.us

Series C
75 employees
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Monolith vs
Elcogen
Elcogen Estonia

#fuelcells #SOFC #greenhydrogen #electrolyser #SOEC

Corporate Round
81 employees
ESG, Energy

FAQ About Monolith

Monolith pioneers sustainable US manufacturing via pyrolysis, producing low-emission carbon black and hydrogen.
Monolith was founded in 2012.
Monolith is headquartered in Lincoln, United States.
Monolith operates in Energy and Manufacturing.
Monolith has approximately 234 employees.
Monolith has completed 10 funding rounds, raising a total of $364.30M. The latest funding stage is Private Equity.
Top alternatives and competitors to Monolith include GKN Hydrogen, BayoTech Hydrogen, Elcogen, FuelCell Energy, Ohmium. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Monolith and GKN Hydrogen 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 Monolith, https://bouncewatch.com/company/monolith-1, updated 21 August 2025. When citing, please name BounceWatch and link this page.

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