The company is receiving $1 million dollars from the state to help build a new hydrogen facility in the First State.
Aternium officials are touting the plant as environmentally friendly, promising very little waste or harmful byproduct and that the power needed to run it will be generated in part by wind turbines.
Andrew Cottone is Aternium’s CEO.
“What you won’t see are smokestacks, or pollution. What you will see in the future of clean energy in Delaware.” he said.
Lt. Governor Kyle Evans-Gay says this is an example of the type of projects Delaware wants to support - offering new jobs and a potential boost to its energy portfolio.
“The state is ready to stand behind individuals who are willing to take those risks, for the reward that it brings to our local economy, to our workforce, and beyond.” she said.
The million dollars from the state comes from the Delaware Accelerator & Seed Capital Program (DASCP), one of four programs awarded federal funds under the State Small Business Credit Initiative (SSBCI). Delaware’s Division of Small Business is administering Delaware’s $60.9 million SSBCI award which focuses on providing access to capital for start-up and early-stage businesses.
Hydrogen power has been criticized by some environmentalist groups, which raise concerns about hydrogen leakage into the atmosphere due to the particle’s small size; hydrogen is known to prolong the lifespan of some greenhouse gasses.
But Cottone says leakage of any type is bad business, assuring it will operate an environmentally safe facility.
Aternium officials say they will begin their front-end engineering phase soon.
>> In Other News: $800M Baton Rouge BECCS Plant Marks Turning Point for U.S. Carbon Capture
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
How 45Q Credits Revived This Troubled $9B Megaproject
Inside This Issue 💰 How 45Q Credits Revived This Troubled $9B Megaproject 🍁 Commencement of First Phase Operations for a Carbon Capture and Storage (CCS) Project in Canada 🤝 Haffner Energy Secures...
-
The Deal Structure Everyone's About to Copy
Inside This Issue 💼 The Deal Structure Everyone's About to Copy 📈 Exxonmobil Raises Its 2030 Plan – Transformation Delivering Higher Earnings, Stronger Cash Flow, and Greater Returns ⚡ Nextera Wor...
-
Inside XCF Global's $300M Bet to Double U.S. SAF Output
Inside This Issue ✈️ Inside XCF Global's $300M Bet to Double U.S. SAF Output ⚙️ Capsol Technologies Signs MoU with US Utility to Deploy CapsolGT® for Low-carbon Gas Power Generation 🏭 Babcock &...
Company Announcements
-
Clean Planet Technologies (CPTech), part of the Clean Planet Group, has announced that its core pyrolysis-oil upgrading process has now been formally patented in both the United States and Saudi Ar...
-
(December 12, 2025 - Oslo, Norway) Nel ASA (Nel, OSE: NEL) is pleased to announce that following a seven-year development program, and now a successful start-up and production of clean hydrogen on ...
-
Hydrogen Technology Venture Launches in Bowling Green
BOWLING GREEN, Ky. — A new tech company is coming to Bowling Green, bringing dozens of jobs to Warren County. What You Need To Know UFS ARK will be a joint venture of United Fiber Sensing and OgM...
-
HyOrc Positions Green Methanol as the Economic Solution to Shipping’s Decarbonization Challenge
HOUSTON, Dec. 12, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTCID: HYOR), a fully SEC-reporting clean-energy company focused on decarbonizing heavy industry, today commented on the growing global...