Article

Kavenex Energy, a Calgary-based startup, has secured $28 million in funding to explore geological hydrogen, with drilling expected to start in 2027 or 2028. The company aims to produce hydrogen across Canada, locating facilities near potential hydrogen pools to reduce transportation needs.

Kavenex has partnered with Denver's Koloma Inc. to enhance its exploration efforts. Natural hydrogen indications have emerged in Saskatchewan, highlighting the potential for economic growth and contributions to clean energy. The founders believe this exploration could mirror the economic impact of oil and gas in the past century.