What is Koloma?
Founded in 2021, Koloma operates at the intersection of earth sciences and clean energy technology. The company specializes in the identification and commercialization of geologic hydrogen, a naturally occurring resource that offers a low-carbon alternative to conventional fuel sources. Unlike traditional hydrogen production methods that rely heavily on electricity-intensive electrolysis, Koloma utilizes proprietary data sets to locate and extract hydrogen directly from the subsurface.
This approach provides a distinct competitive advantage, potentially lowering the cost of production while significantly reducing the carbon footprint associated with industrial-scale energy supply. Headquartered in Denver, Colorado, the firm is currently scaling its operations to meet the rising demand for clean, reliable, and scalable energy solutions across global markets.
How much funding has Koloma raised?
Koloma has raised a total of $250.7M across 2 funding rounds:
Angel/Seed
$5M
Series B
$245.7M
Angel/Seed (2021): $5M, investors not publicly disclosed
Series B (2024): $245.7M led by Energy Impact Partners, United Airlines, Breakthrough Energy Ventures, and Khosla Ventures
Key Investors in Koloma
Energy Impact Partners
Energy Impact Partners is a specialized investment firm focused on accelerating the transition to a decarbonized and digitized energy economy through strategic partnerships with utility leaders.
United Airlines
United Airlines is a major global carrier actively investing in sustainable aviation fuel and clean energy technologies to reduce the environmental impact of its extensive flight operations.
Breakthrough Energy Ventures
Breakthrough Energy Ventures provides patient, risk-tolerant capital to companies developing transformative technologies aimed at achieving net-zero emissions across global industrial sectors.
What's next for Koloma?
With the recent infusion of capital, Koloma is poised to transition into an aggressive growth phase, focusing on the expansion of its exploration activities and the refinement of its extraction infrastructure. The company is expected to prioritize the development of its identified resource sites, moving toward commercial-scale production that can support heavy industry and transportation sectors.
Strategic partnerships with major energy and aviation stakeholders suggest that Koloma is not merely a research entity but a future supplier for high-demand markets. As the firm continues to scale, the focus will likely shift toward regulatory navigation, site-specific infrastructure development, and the long-term integration of geologic hydrogen into the broader energy grid. The company's ability to execute on its technical roadmap will be the primary indicator of its success in disrupting the global hydrogen supply chain.
