Hydrogen heating startup Modern Hydrogen is moving from its Bothell headquarters to a new 27,219-square-foot production and testing facility in Woodinville.
A company spokesperson said Modern Hydrogen is using both spaces for now, but the company plans to move the team fully into the Woodinville space during the first quarter of next year. In May, Modern Hydrogen co-founder and CEO Tony Pan said the company had 17,000 square feet in Bothell but was looking throughout the Seattle area for more space.
"It's actually a hot real estate market for commercial industrial space," Pan said at the time. "We're going to look for the right space but also a friendly local government, because the next one is going to be big."
Modern Hydrogen was founded in 2015 and rebranded in May from its previous name, Modern Electron. The company makes devices to decarbonize natural gas, and the devices work on-site and don't require clients to replace existing pipes. Modern Hydrogen is targeting gas utilities, process heat and steam users, heavy equipment and fleet operators, and building materials producers.
Modern Hydrogen also offers asphalt that contains sequestered carbon, which the company used to repave areas of its new parking lot. The company has more than 60 employees and raised a $32.8 million round it disclosed in March.
Bellevue-based research and patent firm Intellectual Ventures spun out Modern Hydrogen. The firm has also spun out the Bellevue-based nuclear power company TerraPower and the Redmond-based antenna company Kymeta.
Modern Hydrogen's investors include NextEra Energy, Miura, National Grid Partners, Gates Frontier, Irongrey, Starlight Ventures, Valo Ventures and Metaplanet.
“Modern Hydrogen’s presence is not only a valuable addition that diversifies our local economy, but it also aligns seamlessly with Woodinville's climate action plan while fostering innovative and eco-conscious businesses,” Woodinville Mayor Mike Millman said in a news release.
