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OCOchem logo — Converting Carbon. Storing Energy.

OCOchem

Converting Carbon. Storing Energy.

Founded 2017 United States Richland, United States 17 employees Seed Total: $13.06M Sustainability, Energy Storage

General Information

Company Name OCOchem
Founded Year 2017
Location United States Richland, United States +1
Founders / Decision Makers
Team member
Employees 17
Industries Sustainability, Energy Storage
Funding Stage Seed
Social

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About OCOchem

OCOchem, founded in 2017, operates in the Sustainability and Energy Storage industries, with its headquarters in the United States. The company’s slogan, “Converting Carbon. Storing Energy.,” aptly encapsulates its mission. By developing innovative CO2 electrolysis technology, OCOchem not only tackles atmospheric decarbonization but simultaneously produces sustainable and cost-effective molecules.

Through the conversion of recycled CO2 into hydrogen formate using water and clean electricity, OCOchem stands out as a key player in addressing climate change while providing energy solutions. Their recent $5.00M Seed Round on October 27, 2023, backed by notable investors such as MIH Capital Management, INPEX Corporation, TO ventures, and Halliburton Labs, marks a significant milestone, illustrating strong confidence and future growth potential in the clean energy sector.

Taxonomy: CO2 Electrolysis, Hydrogen Formate, Carbon Utilization, Decarbonization, Formic Acid Production, Green Chemistry, Electrochemical Technology, Hydrogen Carrier, Energy Storage, Clean Hydrogen, CO2 Reduction, Sustainable Molecules, Recycled CO2, CO2 Regeneration, Electrolyzer Technology

Services & Products

Production of hydrogen formate through CO2 electrolysis
Development and scaling of Carbon FluX Electrolyzer
Partnerships for building and operating carbon conversion facilities
Manufacturing and selling formate molecules

Target Customers

Agriculture industry Energy industry Transportation sector Chemical manufacturing companies Industries seeking to reduce carbon footprint Organizations interested in sustainable and cost-effective solutions

Funding Rounds & Investors (10)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 4
Investor Investor
•••• •••• 		27 Oct 2023
Grant •••••• 1 •••• •••• 19 Sep 2022
Grant •••••• 1 •••• •••• 25 Apr 2022
Grant •••••• 1 •••• •••• 04 Apr 2022
Grant •••••• 1 •••• •••• 10 Mar 2022

View All 10 Funding Rounds

OCOchem Alternatives & Competitors

View All Alternatives
OCOchem vs
Ways2H Inc.
Ways2H Inc. United States

Ways2H is committed to fight climate change by eliminating waste while producing carbonegative hydro...

Seed
4 employees
Renewable Energy, Waste Solution
OCOchem vs
Aurora Hydrogen
Aurora Hydrogen Canada

Developing the next generation of emission-free hydrogen technology.

Grant
13 employees
Industrial
OCOchem vs
Syzygy Plasmonics
Syzygy Plasmonics United States

Illuminating Chemical Manufacturing™

Series Unknown
75 employees
View all alternatives

FAQ About OCOchem

Converting Carbon. Storing Energy.
OCOchem was founded in 2017.
OCOchem is headquartered in Richland, United States.
OCOchem operates in the following industries: Sustainability, Energy Storage.
OCOchem has approximately 17 employees.
OCOchem has completed 10 funding rounds, raising a total of $13.06M. The latest funding stage is Seed.
OCOchem offers: Production of hydrogen formate through CO2 electrolysis, Development and scaling of Carbon FluX Electrolyzer, Partnerships for building and operating carbon conversion facilities, Manufacturing and selling formate molecules.
Top alternatives and competitors to OCOchem include Ways2H Inc., Aurora Hydrogen, Syzygy Plasmonics, ASCO CARBON DIOXIDE LTD, SHYP BV LTD. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OCOchem and Ways2H Inc. 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.

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