Mote, a technology company specializing in carbon-negative energy production, has successfully closed the first phase of its Series A funding round by raising $7 million.
Led by Nella Next and Preston-Werner Ventures, with participation from Counteract One, LP and other strategic partners, this initial round is part of a targeted $15 million effort designed to bolster U.S. energy security. Verified market data indicates that the United States possesses up to 1.5 billion dry tons of biomass annually—a resource that underscores the critical opportunity for innovative energy solutions.
Mote’s proprietary approach to energy production converts agricultural and forestry waste into clean hydrogen and other energy outputs while sequestering a significant portion of CO₂. This process, known as Biomass Carbon Removal and Storage (BiCRS), is the result of years of research, including work spun out of Lawrence Livermore National Laboratory. The company’s patented innovations improve hydrogen production efficiency and reduce emissions, addressing both energy independence and environmental resilience. According to the Department of Energy, such integration of waste valorization with energy production is essential in meeting the growing demand for sustainable energy.
The Series A funding will drive the development of Mote’s first commercial-scale facility and enhance its engineering capabilities. By expanding strategic partnerships across the hydrogen, forestry, and energy sectors, Mote aims to tap into the projected growth of the global low-carbon hydrogen market—which is expected to rise from approximately $26.39 billion in 2024 to around $113.13 billion by 2034. This market trajectory reflects increasing demand for decarbonization pathways, particularly in industrial manufacturing, transportation, and energy storage.
Mote’s strategy is bolstered by support from national agencies such as the U.S. Department of Energy, CalFire, and the U.S. Forest Service, reinforcing its alignment with policy-driven objectives for energy independence and sustainable land management. As the company positions itself to manufacture complete electrolysis systems under its own brand—with core components initially sourced from PERIC Hydrogen Technologies—its focus remains on adapting these technologies to meet European standards while maximizing local sourcing. This localized manufacturing strategy not only addresses supply chain sustainability but also supports economic resilience in targeted markets.
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