M2X Energy Secures $40 Million Series B Financing Led by Conifer Infrastructure Partners
Slice of Energy Team
06/23/2024
Key Highlights:
- $40 million Series B funding led by Conifer Infrastructure Partners.
- Existing Series A investors participated, including Breakthrough Energy Ventures, Eni Next, Add Ventures by SCG, and Autodesk Foundation.
- Funds to accelerate manufacturing and deployment of low-carbon methanol systems.
- M2X to deliver low-carbon methanol under long-term agreements by early 2025.
Source (Business Wire)
Quotes
“ "We are excited to formalize our partnership with M2X by leading their Series B funding round, which provides M2X with the necessary capitalization to begin rapid manufacturing and deployment of low-carbon methanol production systems." ”
Nicholas Stork, Managing Partner at Conifer Infrastructure Partners
Our Take:
M2X Energy's latest funding round marks a significant milestone in the company’s journey towards revolutionizing the low-carbon methanol production industry. The strong backing from Conifer Infrastructure Partners and other prominent investors highlights the market's confidence in M2X's innovative approach to mitigating methane emissions. The infusion of $40 million will not only expedite the commercialization of their patented technology but also position M2X as a key player in the global effort to achieve net-zero emissions by 2050. This strategic move aligns with the increasing regulatory and consumer demand for sustainable energy solutions, paving the way for M2X to lead in the production of low-carbon methanol and biomethanol.
