Bill Gates-backed startup on the global gold rush for buried hydrogen

A team from the Geological Agency in Indonesia recently discovered natural hydrogen gas in Central Sulawesi Province. Koloma, a clean fuel startup supported by Bill Gates and Jeff Bezos, aims to utilize expertise from the hydrocarbon industry to tap into geologic hydrogen as a clean energy source. Geologic hydrogen, found naturally underground, could play a crucial role in transitioning away from fossil fuels. While there are challenges to overcome, the industry is gaining momentum with exploratory efforts in various countries. Koloma believes that geologic hydrogen resources in the U.S. could significantly contribute to decarbonization efforts. Despite some skepticism, the company is well-funded and optimistic about the potential of geologic hydrogen as a primary energy source.