Clean Hydrogen Startup Monolith Raises More Than $300 Million
Chicago – July 19, 2022 – Cooley advised Monolith, a global leader in clean hydrogen, carbon black and ammonia, on its latest investment round of more than $300 million. Lawyers Laurie Bauer, Michael Rohr and Wilber Barillas led the Cooley team advising Monolith.
Monolith intends to apply this latest round of funding toward further technological development that will offer innovative product capabilities and other corporate-level expansion. The new capital also will enable Monolith’s continued development of a deep backlog of clean hydrogen, ammonia and carbon projects with industry-leading partners.
Headquartered in Lincoln, Nebraska, and founded in 2012, Monolith is a next-generation clean hydrogen and materials company that uses 100% carbon-free energy as part of a proprietary process to convert conventional and renewable natural gas to hydrogen and carbon black in an environmentally advantaged manner.
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