Resource logo with tagline

CO2-to-methane start-up raises $8m

The firm is already producing 2,000 liters of methane daily in pilot testing, with commercial deployments planned for as early as 2025.

General Galactic, a pioneer in fossil-free fuel generation technology, today announced the closing of an $8 million seed funding round, bringing the total investment in the company to $10 million, according to a news release.

The investment was co-led by Harpoon Ventures and Refactor Capital, with participation from Pathbreaker, BoxGroup, Seraphim, Plug and Play, Impact First and Climate Capital.

The investment will accelerate the development and deployment of General Galactic’s proprietary Genesis technology, which transforms industrial CO2 waste streams into fossil-free natural gas. The company plans to expand its engineering team to pursue its goal of building commercial fossil-free natural gas generation plants across the globe.

“We started General Galactic to be the energy company of the future. Our vision is ultimately to build a gas station on Mars while producing clean, fossil-free energy on Earth along the way,” said Halen Mattison, CEO and co-founder of General Galactic. “This funding allows us to move toward mass commercialization of our technology, creating a fossil-free world with abundant high-density energy.”

The Genesis system represents a breakthrough in sustainable fuel technology that works with existing energy infrastructure while eliminating fossil fuel dependency. The technology targets maritime shipping, agriculture and heavy industry sectors, where carbon reduction requirements and long-term capital investments will demand consistent access to low-emission, high-density fuels. The company is developing the full production stack for these fuels and has a proven pilot system producing 2,000 liters of methane per day.

“A fossil-free future shouldn’t abandon all of our energy infrastructure—it should work with it,” said Neise, General Galactic’s CTO and co-founder. “Our technology produces 100% clean fuel compatible with today’s infrastructure. We call this decarbonization without destruction, meaning the green transition can happen sooner and with less cost to critical industries.”

This round follows the company’s $2 million pre-seed funding in August 2023, led by BoxGroup and Refactor Capital. General Galactic plans to deploy Genesis modules as soon as 2025, with fuel offtake reservations available immediately.

General Galactic prioritizes first principles engineering design—a scientific approach refined by SpaceX that breaks down problems to their fundamental core, questioning every assumption along the way. The team believes this approach will yield a more elegant and reliable solution for generating sustainable fossil-free fuels, both on Earth and beyond.

In selecting investment partners, General Galactic sought funds with hands-on experience and a track record of success in deeptech. Specifically, Refactor and Harpoon’s investments in fellow space and climate companies Astranis and Solugen made those funds attractive investing partners to the team.

“We’re immensely impressed with Halen and Luke’s vision and fully expect their company to meaningfully move the world toward more renewable energy sources while bringing a pragmatic approach to these deeply critical, albeit entrenched, heavy industries that require energy-dense fuels,” said Zal Bilimoria, founder of Refactor Capital.

Unlock this article

The content you are trying to view is exclusive to our subscribers.
To unlock this article:

You might also like...

exclusive

3Q deals in focus: Macquarie’s investment in Atlas Agro

In one of the largest and most compelling clean fuels deals of 3Q23, Macquarie made a $325m investment into Americas-focused Atlas Agro, a developer of industrial-scale green nitrogen fertilizer plants that utilize green hydrogen as a feedstock. William Demas, head of Macquarie Asset Management Green Investments in the Americas, provides a closer look.

Read More »
exclusive

NOx mitigation firm looking to scale

A publicly listed company with a hydrogen burner project backed by one of the largest US utilities could accelerate growth with a capital infusion in pursuit of first-adopter clients. It offers technology that aims to mitigate an underappreciated aspect of the embryonic clean hydrogen ecosystem: blending hydrogen with natural gas can greatly increase NOx emissions when combusted.

Read More »

Welcome Back

Get Started

Sign up for a free 15-day trial and get the latest clean fuels news in your inbox.