Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
Koloma, a U.S.-based startup backed by billionaires Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the fossil fuel industry to power a global gold rush for buried hydrogen.
Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth’s surface.
A dramatic upswing in the number of companies actively searching for geologic hydrogen deposits in recent years prompted analysts at Rystad Energy to describe the pursuit as a “white gold rush.”