Rimere, a climate solutions company distinguished by its proprietary plasma technology, has announced the completion of a $10 million strategic investment from Clean Energy Fuels Corp. (NASDAQ: CLNE). This infusion of funds is poised to expedite the development and field testing of Rimere’s two distinct devices: the Reformer and the Mitigator. These devices play a pivotal role in curtailing climate change emissions and facilitating the transition to a clean hydrogen future.
The Reformer, leveraging proprietary sequential hybrid plasma technology, functions by converting natural gas into clean hydrogen and high-quality graphene, all while eliminating CO2 emissions. Notably, when renewable natural gas (RNG) is utilised as the feedstock, the hydrogen produced by Rimere’s Reformer can achieve a negative carbon-intensity rating, rendering it significantly lower in emissions compared to renewable electrolysis.
On the other hand, the Mitigator serves as a plasma thermal oxidizer designed to mitigate the greenhouse gas potency of fugitive methane emissions. It provides a cost-effective solution for abating methane emissions that escape from the natural gas infrastructure, particularly from compressors and pneumatic controllers along natural gas pipelines.
Mitchell Pratt, CEO of Rimere, emphasised the significance of Rimere’s technology in addressing the emissions challenges associated with natural gas infrastructure. He highlighted the transformative potential of Rimere’s technologies in not only cleaning up the infrastructure but also valorising natural gas reserves as a vital solution for climate change mitigation and the clean energy transition.
Rimere’s patented and patent-pending technologies operate by deconstructing methane at a molecular level, employing high voltage and high frequency arcs under an induced electromagnetic field. The Reformer and Mitigator offer essential solutions to reshape the long-term outlook for natural gas, leveraging a cleaner infrastructure to deliver clean hydrogen and graphene to end-use customers.
Andrew J. Littlefair, President and CEO of Clean Energy, underscored the strategic significance of the investment in Rimere. He articulated Clean Energy’s commitment to addressing environmental challenges and recognised Rimere’s role in offering cost-effective emission-reduction solutions for the natural gas and hydrogen industries.
Currently, Rimere operates as an equity method investee of Clean Energy and has raised a total of $18.25 million in committed capital since its inception in 2020.
For more information visit www.rimere.com
