M2X Energy Inc. has achieved a significant milestone with the successful closure of a $40 million Series B financing round, led by Conifer Infrastructure Partners (“Conifer”). This round also saw enthusiastic participation from existing Series A investors including Breakthrough Energy Ventures (“BEV”), Eni Next, Add Ventures by SCG, and Autodesk Foundation, underscoring strong confidence in M2X’s innovative approach.
The infusion of capital marks a transformative moment for M2X, poised to accelerate the deployment of its groundbreaking modular gas-to-liquids systems. These systems are uniquely designed to convert stranded methane into low-carbon methanol, offering a sustainable solution to mitigate greenhouse gas emissions. Prior to securing the Series B funding, M2X successfully demonstrated the viability of its technology through multiple field deployments, showcasing operational efficiency and environmental benefits.
Josh Browne, CEO of M2X Energy, expressed optimism about the future, stating, “This funding round signifies a pivotal advancement for M2X, transitioning us into a new phase of operational maturity. With our proven technology and expanded manufacturing capacity, we are well-positioned to meet the escalating global demand for sustainable energy solutions.” The investment will facilitate the scaling of M2X’s manufacturing capabilities and enable the Company to establish strategic partnerships for long-term methanol offtake agreements.
M2X plans to commence commercial operations by early 2025, leveraging the Series B funds to further enhance its modular systems and broaden its market presence. The Company’s adaptable technology accommodates various methane-rich feedstocks, positioning it at the forefront of efforts to decarbonize industries such as shipping and chemicals.
