Scaling Up Production of Clean Hydrogen

Goldman Sachs served as placement agent for a $300 million capital raise

Monolith uses carbon-free energy as part of a proprietary process to convert conventional and renewable natural gas to hydrogen and carbon black. Focused in cleanly made hydrogen, carbon black and ammonia, Monolith currently operates its first commercial-scale production facility, Olive Creek 1. Olive Creek 2 is expected to be completed in 2027. Demonstrating our leadership in private financings for transition-focused companies, we served as placement agent for a $300 million capital raise round led by TPG Rise Climate and Decarbonization Partners, a partnership between BlackRock and Temasek.