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Koloma Raises US$246mm to Pursue Natural Hydrogen

Koloma, a startup pioneering the extraction of carbon-free hydrogen from natural underground deposits, secured $245.7mm in a recent financing round. Backed by leading investors, including Bill Gates, the funding puts Koloma's total to >US$300mm. Koloma leverages research to locate hydrogen pockets and adapt oil and gas industry techniques for extraction. With growing awareness of natural hydrogen reserves globally, Koloma is poised to capitalise on the expanding clean energy market.

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