HALTENERGY, a Korean startup, has successfully secured seed funding from the Korea Investment Accelerator. The company is focused on addressing the transportation and storage cost issues in the hydrogen industry by developing a hydrogen extractor that can extract hydrogen from waste plastic pyrolysis oil. With this investment, HALTENERGY plans to advance the demonstration of hydrogen extractors ranging from 1kW to 5kW and to expand its team. The company also aims to pursue open innovation with major corporations involved in the waste plastic pyrolysis sector, exploring possibilities for scaling up their operations.

Founded on September 6th last year, coinciding with Resource Recycling Day, HALTENERGY has quickly gained recognition for its business potential. The company has won several awards, including the Excellence Award at the 2nd Gyeongnam Station-G IR Demo Day, the Excellence Award at the Ulsan Startup Festa, and selections for the Ulsan Youth Startup Academy and Ulsan Youth CEO Program.

The Korea Investment Accelerator commented, “HALTENERGY has shown significant potential to grow as a climate tech company capable of addressing carbon neutrality and energy challenges. We decided to invest based on the extensive experience of its CEO and Co-founder CTO, who bring over a decade of expertise in the energy sector. We expect HALTENERGY to continue its growth trajectory and establish itself as a global unicorn in climate tech.”

Kim Heung-seob, CEO of HALTENERGY, stated, “We are confident in our ability to tackle both the waste and energy problems that arise as humanity advances. Through staged scaling for applications in buildings, industrial complexes, and power generation, we aim to become a leading global energy company driving the hydrogen ecosystem.”