Monolith Materials receives investments from SK Inc. and NextEra Energy Resources

In Nebraska, Monolith Materials, Inc., a leader in green hydrogen production, received new investments from a consortium of investors led by SK Inc. and includes NextEra Energy Resources, LLC and Perry Creek Capital, the latest in a series of recent growth announcements for Monolith as it garners additional support for its commercial-scale, clean hydrogen manufacturing technology.

This round also included additional investment from current Monolith funders Azimuth Capital Management, Cornell Capital and Warburg Pincus. Monolith Materials is the first U.S. manufacturer to produce an industry-transforming hydrogen known as “green hydrogen” on a commercial scale using its proprietary methane pyrolysis process.