Mozart Devco, a hydrogen infrastructure firm, is working with Bank of America on a $75m Series A, sources told ReSource.
Pitch decks make reference to the company’s first project in New Mexico, sources said. The project is a municipal waste-to-hydrogen project about which executives recently met with the state’s Gov. Michelle Lujan Grisham.
Mozart Devco and BofA did not respond to requests for comment.
Based in Dallas, Mozart Devco is an early-stage effort comprising members of the Texas Hydrogen Association. According to online descriptions, the company’s proprietary process uses plastics and waste as feedstock for fuel cells.
