TransAlta investment in Ekona Power Inc.’s Series A round

In Canada, TransAlta Corporation has made a C$2 million equity investment in Ekona Power Inc.’s Series A funding round. The investment will help support the commercialization of Ekona’s novel methane pyrolysis technology platform, which produces cleaner and lower-cost turquoise hydrogen.

The investment will provide TransAlta with a seat on Ekona’s Strategic Committee, whose members will receive project updates, guide development and become priority commercialization partners if the technology is successful. TransAlta believes hydrogen, as a fuel source, is a promising pathway to decarbonize the electricity sector and provide dispatchable, net-zero generation.