Fifty Years’ Post

$25m more to fuel Molten Industries in their mission to decarbonize the world’s chemical and heavy industries. When we first met the founders in 2021 they had built a white-hot chemical reactor in a literal garage at Stanford. Soon after Fifty Years led the seed round with our friends at Union Square Ventures. Molten is building the future of 🇺🇸 made sustainable graphite. Why does it matter? America has a supply chain issue. 97% of battery grade graphite currently comes from China. With increasing geopolitical tensions, they've been restricting exports. This puts the supply chain for Li-ion batteries at risk. And tensions go both ways. To promote supply chain resiliency, the Biden administration is eliminating the $7500 tax credit on EVs if they source graphite from China. Enter Molten, who built a reactor that cracks methane at extremely hot temperatures into hydrogen and graphite using renewable electricity. They turn natural gas and renewable power into battery grade graphite. With amazing technoeconomics. The best part? Molten's cost structure beats natural graphite (the cheapest on market) with higher performance than synthetic graphite (the best & most expensive on market). Lowest cost, highest performance, sustainable domestic process -- a dream come true! Kevin Bush, Caleb Boyd, and the rest of Molten are a wildly talented team on a mission to decarbonize the world’s chemical and heavy industries. And they're hiring!