Syzygy Plasmonics Raises $76 Million Series C Led by Carbon Direct Capital to Accelerate Delivery of Low-Carbon Hydrogen Technology
Summary
Widely available low-carbon, low-cost hydrogen is necessary to increase its adoption and contribution to the achievement of climate goals.Syzygy technology combines two major recent breakthroughs to reduce emissions in chemical manufacturing. The first was the invention of high-performance photocatalysts at Rice University by company co-founders and professors Naomi Halas and Peter Nordlander. "Syzygys aim is to achieve 1 gigaton of carbon emissions reductions by 2040, and the Series C financing is a key milestone in building towards that goal. Closing this fundraising round with such strong support from financial and strategic investors and with commercial agreements in hand is a signal to the market. "Syzygys universal reactor platform has attracted support from multiple international investors and partners with operations spanning the U.S., Asia, and Europe.