General Galactic Secures $8M to Scale Fossil-Free Fuel Tech
Slice of Energy Team
Nov 18, 2024
Key Highlights:
- $8M seed funding co-led by Harpoon Ventures and Refactor Capital; total funding now at $10M.
- Genesis technology transforms industrial CO2 waste into fossil-free natural gas.
- Focused on maritime, agriculture, and heavy industries needing low-emission, high-density fuels.
- Deployment planned by 2025 with fuel offtake reservations open immediately.
- Backed by top-tier investors, including Pathbreaker, BoxGroup, Seraphim, and Climate Capital.
Source: Business Wire
Quotes
“ "This funding allows us to move toward mass commercialization of our technology, creating a fossil-free world with abundant high-density energy." ”
Halen Mattison, CEO at General Galactic
Our Take:
General Galactic’s innovative Genesis system positions the company as a game-changer in sustainable energy. By leveraging industrial CO2 waste and existing energy infrastructure, the technology offers a pragmatic path to decarbonization for industries resistant to traditional green solutions. With top-tier funding and a proven pilot system, the company is well on its way to redefining energy production on Earth—and perhaps beyond. This milestone funding round cements General Galactic’s place in the forefront of deeptech advancements in the energy sector.
