About
Founded in 2024, Parallel Carbon is a private headquartered in United States specializing in Hydrogen.
Parallel Carbon provides a hardware platform combining direct air capture (DAC) and water electrolysis to produce green hydrogen and CO2 simultaneously from renewable power sources. The DACHydrogen system targets affordable production of e-fuels such as e-methanol, e-kerosene, and e-diesel by eliminating supply chain constraints for renewable fuel producers. The technology uses only water, wind, sunshine, and abundant minerals, with flexible power demand suitable for intermittent renewable energy. The company aims to achieve $1/kg green hydrogen and $100/tonne CO2 production costs and has secured partnerships including a 1,200-ton CDR supply agreement with Zurich Insurance Group.
Headquarters
United States
Founded
2024
Company Type
Private
Business Models
Value Chain
Certifications & Awards
Awards
Top Innovator in UpLinks Carbon Capture and Utilization Challenge