# Graphitic Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/graphitic-energy

- Industry: Chemicals
- Headquarters: Goleta, US
- Website: www.graphitic.com
- Total disclosed funding: $32M
- Latest round: Series A (Mar 10, 2025)
- Investors on record: 6

## About

Graphitic Energy is a US-based company specializing in the production of clean hydrogen and solid carbon through advanced methane pyrolysis, addressing the global demand for sustainable energy solutions.Founded in 2018 in Goleta, California, Graphitic Energy focuses on producing clean hydrogen and solid carbon. The company's operations have evolved with the establishment of a pilot plant in Texas for hydrogen production, which began operations in 2024. The CEO, Zach Jones, has a background in energy innovation, contributing to the company’s strategic direction. Recently, Graphitic Energy secured USD 15.00 mn in Series A funding on March 10, 2025, from investors including Breakthrough Energy Ventures, Energy Capital Ventures, and Trafigura Limited, bringing the total amount raised to USD 15.00 mn with a current valuation of USD 84.54 mn.Graphitic Energy specializes in the production of clean hydrogen and solid carbon through an advanced methane pyrolysis process. Their primary product, hydrogen, aims to meet the increasing global demand as a clean energy source, particularly in refining and ammonia synthesis, with potential applications in electricity generation, process heat, and transportation. The company’s hydrogen production pilot plant, operational since 2024 in Texas, has the capability of producing several hundred kilograms of hydrogen and up to 1,000 kg of solid carbon daily. Their upcoming commercial hydrogen production facility, scheduled for completion later in the decade, is designed to generate up to 10,000 metric tons of hydrogen annually. Graphitic Energy targets industrial clients across various sectors in North America and potentially international markets, where hydrogen and solid carbon can significantly contribute to decarbonization efforts and enhance the value chain in applications such as steel production.Graphitic Energy generates revenue through the sale of clean hydrogen and solid carbon to industrial clients. The business model is structured around direct B2B transactions, where customers include manufacturers and companies in need of alternative energy solutions. Each sale of hydrogen and solid carbon is tailored to meet the specific requirements of the client, facilitating long-term contracts or partnerships that ensure a steady supply. The company’s pricing structure reflects the efficiency of its production process, emphasizing the low-cost transportation of solid carbon through existing rail and sea infrastructure. This efficiency, combined with the growing demand for clean energy solutions, positions Graphitic Energy to capitalize on the substantial market for hydrogen and graphite-related products.In March 2025, Graphitic Energy raised USD 15 mn in Series A funding, which will be utilized to enhance the production processes for clean hydrogen and solid carbon at a lower cost. The company plans to launch its commercial hydrogen production facility later in the decade, targeting an annual output of 10,000 metric tons. Additionally, Graphitic Energy aims to expand its market presence beyond North America, exploring opportunities in international markets to meet the growing demand for sustainable energy solutions.

## Funding rounds

- Series A, Mar 10, 2025, $15M — Breakthrough Energy Ventures, Energy Capital Ventures, Trafigura Limited
- Series A, Aug 22, 2024, $5M — Energy Capital Ventures
- Series A, Feb 2, 2021, $12M — Breakthrough Energy Ventures, Mitsubishi Heavy Industries, AP Ventures, Eni Next

## Investors

- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series A
- Mitsubishi Heavy Industries — Series A
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Series A
- Eni Next (https://capitalatlas.ai/funds/eni-next) — Series A
- Energy Capital Ventures (https://capitalatlas.ai/funds/energy-capital-ventures) — Series A
- Trafigura Limited — Series A