Following positive results from a pilot program based in the Permian Basin to produce gold hydrogen using would-be abandoned oil and gas reservoirs, Cemvita Factory Inc. said it has formed and closed funding for a new subsidiary in preparation to commercialize with its founding investors.

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“In a very short time frame, we moved our microbes from the lab to the field,” said Cemvita’s director of the new subsidiary, Gold H2 LLC (GH2), Zach Broussard. “The hydrogen production in this trial exceeded our expectations.” 

With founding investors Chart Industries Inc. and 8090 Industries, Cemvita’s subsidiary is set to “continue to use hydrogen producing microbes downhole” and could “achieve rates that will translate to hydrogen production at $1/kilogram (kg) or less,”...