biomass

Mote Secures $7M to Advance Company’s Carbon-Negative Biomass-to-Energy Technology

Mote, Inc. has successfully closed its Series A funding round, securing $7 million in investment led by Nella Next and Preston-Werner Ventures. The round also included Counteract and other strategic partners committed to advancing U.S. energy security. This first phase is part of a targeted $15 million Series A funding round.
Mote Secures $7M to Advance Company’s Carbon-Negative Biomass-to-Energy Technology
Pixabay

Mote’s core breakthrough is its approach to energy production from wood waste with carbon capture, a form of Biomass Carbon Removal and Storage (BiCRS). The Company’s technology involves converting agricultural and forestry waste into clean hydrogen or other energy outputs, while permanently sequestering the highest proportion of CO₂.

With patented innovations that increase hydrogen production, enhance efficiency, and reduce emissions, Mote offers a scalable solution that simultaneously strengthens domestic energy independence and supports forestry and land management while removing CO₂ from the air.

“Mote addresses both sustainability and energy security, bringing critically needed innovation to the U.S. energy landscape,” said Joshuah Stolaroff, CEO of Mote. “We’ve received broad support and expert endorsements over the years because of the strong fundamentals of our approach. This initial Series A investment reflects continued demand for carbon-negative energy solutions, reinforcing that clean energy can be economically viable and contribute to U.S. energy leadership.”

According to the Department of Energy, the United States possesses a substantial biomass resource base, with up to 1.5 billion dry tons available annually for energy production in a mature market.

The abundant supply of agricultural and forestry residues presents a significant opportunity for carbon-negative hydrogen production. Projections suggest that the global low-carbon hydrogen market is poised to grow from approximately $26.39 billion in 2024 to around $113.13 billion by 2034, driven by increasing demand for sustainable energy solutions. (Source: Precedence Research)

The Series A funding will be used to advance Mote’s first commercial-scale facility, expand its engineering capabilities, and accelerate strategic partnerships across the hydrogen, forestry, and energy sectors. Mote is advised by Seaport Global for placement.

“Investing in Mote represents our confidence in the team’s innovation and leadership,” said Travis Lane, CEO of Nella Next. “Clean domestic energy infrastructure will continue to be critical, and Mote’s ability to bring hydrogen and other energy outputs to meet energy demands while providing climate value is exactly the kind of approach that can scale and produce attractive returns.”

Mote’s BiCRS process is spun out of research at Lawrence Livermore National Laboratory and has garnered support from the U.S. Department of Energy, CalFire, the U.S. Forest Service and other agencies. As industries and policymakers seek tangible pathways to decarbonization, Mote’s solution offers a compelling path forward for sectors that rely on hydrogen, including transportation, industrial manufacturing, and energy storage.

By partnering with agricultural and forestry communities, Mote is driving the transition to a circular economy that transforms waste into clean energy, strengthens local economies, and enhances energy and environmental resilience. 

Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).