Mote, a carbon-negative energy company, has secured a $7 million investment in the first phase of its Series A funding round. The investment was led by Nella Next and Preston-Werner Ventures, with participation from Counteract and other strategic partners committed to energy sustainability in the United States.
A clean energy model based on biomass technology
The company has developed an innovative Biomass Carbon Removal and Storage ( BiCRS ) technology that transforms agricultural and forestry waste into clean hydrogen while permanently capturing and storing CO₂.
According to data from the U.S. Department of Energy, the country has up to 1.5 billion dry tons of biomass available annually. This abundance of resources allows technologies like Mote’s to have high scalability potential. Furthermore, according to Precedence Research, the global market for low-carbon hydrogen will grow from $26.39 billion in 2024 to $113.13 billion in 2034.
With the funding obtained, Mote seeks to launch its first large-scale commercial plant, expand its engineering team, and strengthen partnerships in sectors such as forestry, hydrogen, and renewable energy. The company has support from entities such as the U.S. Department of Energy, CalFire, and the U.S. Forest Service, reinforcing the viability of its business model.
Joshuah Stolaroff, CEO of Mote, highlighted the importance of this development: “Our approach combines energy security with sustainability, and this investment demonstrates the growing demand for energy solutions with a positive environmental impact.”
Mote’s technology enables the generation of clean hydrogen and also contributes to the circular economy by reusing waste for energy production. As global interest in decarbonization and sustainable resource management grows,
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Source and photo: Mote
