# Molten Industries

> Molten Industries is an Oakland, California climate-hardware startup that uses methane pyrolysis to crack natural gas into clean hydrogen and high-value synthetic graphite, with no carbon dioxide emitted in the process. Founded in 2021 by Dr. Caleb Boyd and Dr. Kevin Bush, the company aims to onshore battery supply chains and decarbonize heavy industry by producing battery-grade graphite for lithium-ion cells and low-cost clean hydrogen for fuels, ammonia, plastics, and green steel. It raised a $25M Series A in June 2024 led by Breakthrough Energy Ventures to build its first modular commercial reactor.

- **Founded:** 2021
- **Headquarters:** Oakland, California, United States
- **Founders:** Dr. Caleb Boyd (Co-founder & Chief Technical Officer), Dr. Kevin Bush (Co-founder & CEO)
- **Team size:** ~23 employees
- **Products:** Clean Hydrogen, Synthetic Graphite, Modular Methane Pyrolysis Reactor
- **Notable:** Closed a $25M Series A led by Breakthrough Energy Ventures (June 2024)., Both founders named to Forbes 30 Under 30 in Energy (2023)., Founders selected as Breakthrough Energy Fellows.

## Products & services

- **Clean Hydrogen** — Low-cost, low-carbon hydrogen produced via methane pyrolysis with no CO2 emitted, usable as a feedstock for clean fuels, ammonia, plastics, and green steel.
- **Synthetic Graphite** — Battery-grade and industrial synthetic graphite produced as a solid co-product, used in lithium-ion batteries, steelmaking electrodes, refractories, concrete, paints, plastics, and tires.
- **Modular Methane Pyrolysis Reactor** — Electrically heated modular reactor that cracks methane at white-hot temperatures using renewable electricity, with roughly 20 modules per commercial plant.

## Achievements

- Closed a $25M Series A led by Breakthrough Energy Ventures (June 2024).
- Both founders named to Forbes 30 Under 30 in Energy (2023).
- Founders selected as Breakthrough Energy Fellows.
- Secured an additional 21,595 sq ft of facility space at American Steel in Oakland.
- Targeting first commercial plant output of ~5,000 tonnes hydrogen and ~15,000 tonnes graphite per year.
- Backed by investors associated with Bill Gates' Breakthrough Energy.

## Latest updates

- **2024-06** — Raised $25M Series A led by Breakthrough Energy Ventures to build its first modular commercial reactor in Oakland.
- **2024-06** — Expanded facility footprint with an additional 21,595 sq ft at American Steel in Oakland.
- **2023** — Co-founders Caleb Boyd and Kevin Bush named to Forbes 30 Under 30 in Energy.

## Links

- Website: https://moltenindustries.com
- LinkedIn: https://www.linkedin.com/company/molten-industries-inc
- Twitter/X: https://twitter.com/Molten_Ind

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Profile page: https://yespress.io/molten-industries
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Last updated: 2026-06-13