Rimere, a Newport Beach, CA-based climate solutions company with proprietary plasma technology, raised $10M in funding.
The round was led by Clean Energy Fuels Corp. (NASDAQ: CLNE).
The company intends to use the funds to accelerate development and field testing of its two independent devices, the Reformer and the Mitigator, that reduce climate change emissions and enable the use of natural gas to accelerate the transition to a clean hydrogen future.
Led by CEO Mitchell Pratt, Rimere is an advanced technology solutions company focused on providing products that reduce the impact of GHG emissions and deliver affordable zero-emission hydrogen to meet increasing global energy demands. Additionally, its Reformer produces a valuable co-product known as graphene, which has applications that range from reducing GHG emissions to improving the performance of existing products.
Commenting on the news, Mitchell Pratt said: “The world continues to consume more natural gas annually for everything from producing electricity to heating our homes. However, this globally abundant, low-carbon and affordable resource can also pose greenhouse gas emissions challenges from pipeline transmission, storage and other operations. Importantly, Rimere’s technology not only cleans up the infrastructure but also repositions and revalues natural gas reserves as a vital solution for climate change and our clean energy future by producing both zero-emission hydrogen and valuable graphene. This investment by Clean Energy enables us to accelerate development of these proprietary technologies that could have an immediate impact on the world’s effort to address climate change.”
FinSMEs
13/02/2024