A New Approach to Clean Energy
The hydrogen industry is massive and growing, with its market value projected to reach billions by 2030. However, the current methods of hydrogen production are far from environmentally friendly, generating significant carbon emissions—about 1.2 gigatons of CO2 equivalent annually. Additionally, the production of solid carbon — a valuable material in various industries including manufacturing, construction, and automotive — also results in substantial pollution. The need for a cleaner, more efficient way to produce hydrogen and solid carbon is critical for accelerating the transition to sustainable energy.
Vancouver’s VulcanX addresses this pressing issue by producing hydrogen and solid carbon from natural gas with minimal to no emissions. Originating from MéridaLabs at the University of British Columbia, the cleantech startup has developed innovative systems that enhance production efficiency while keeping costs low. Unlike traditional methods, VulcanX’s process generates high-quality carbon — without the significant pollution usually associated with its production. By offering a cleaner, cost-effective solution, VulcanX plays a vital role in driving the energy transition and reducing the environmental impact of hydrogen and carbon production.
Stepping into the Spotlight
VulcanX has caught the attention of the country’s top cleantech funders and organizations. They secured $2 million from the Clean Growth Innovation Fund by FortisBC, received $2 million in matching funds from Alberta Innovates and National Research Council Canada, and landed an additional $75,000 from the Centre for Innovation and Clean Energy. Furthermore, they were recently accepted into the prestigious Rice Clean Energy Accelerator, where they’ll gain access to the Rice Alliance’s network of energy corporations, investors, and advisors. With these major accomplishments already under their belt, the deeptech startup is well-positioned to begin their scaleup journey.
Having been in a development phase while constructing their first plant, now is the perfect time to step into the spotlight and enter the New Ventures BC Competition. Competing in NVBC offers a unique opportunity to showcase their innovative solutions, gain recognition, and drive forward their mission to transform the hydrogen and carbon production industries in British Columbia and beyond.
Rock and Roll
The best advice the VulcanX team has received is to approach building a startup like Sisyphus — facing the seemingly impossible task of pushing the rock for eternity, but doing it with a smile. This mindset of resilience and optimism will be invaluable as they embark on their next growth stage, which includes continuing developing existing relationships and signing agreements for new plants. Additionally, showcasing their technology and developing new partnerships that lead to financing and new projects will be crucial.
By maintaining a positive and persistent attitude, VulcanX is well-equipped to navigate the challenges and seize the opportunities that come with scaling their company and becoming an eco-friendly leader in the energy sector.
About the Founders
Omar E Herrera, CEO & Co-founder
Fun Fact: At one point, Omar debated playing professional soccer over going to school.
Amir Sharafian, CTO & Co-founder
Fun Fact: Amir knows the best hiking spots in BC.
Walter Merida, CSO & Co-Founder
Fun Fact: Walter misses being in the lab.
Company Cheatsheet:
Location:Vancouver
Founded: October 12, 2022
Sector: Deeptech; Cleantech; Energy
