U.S.-based clean fuel startup Koloma, backed by Bill Gates and Jeff Bezos, aims to leverage expertise from the hydrocarbon industry to explore geologic hydrogen as a clean energy source. Geologic hydrogen, or "white gold," is found naturally underground and could play a pivotal role in the global energy transition. Koloma CEO Pete Johnson highlighted that utilizing oil, gas, and mining industries' existing resources could expedite the process. The company has raised over $305 million.
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00:00It's Benzinga, and here's what's on the block.
00:02U.S.-based clean fuel startup Coloma, backed by Bill Gates and Jeff Bezos, aims to leverage
00:07expertise from the hydrocarbon industry to explore geologic hydrogen as a clean energy
00:12source.
00:14Geologic hydrogen, or white gold, is found naturally underground and could play a pivotal
00:18role in the global energy transition.
00:20Coloma CEO Pete Johnson highlighted that utilizing oil, gas, and mining industries' existing
00:25resources could expedite the process.
00:28The company has raised over $305 million.
00:31For all things money, visit Benzinga.com.