ClearSign Technologies (NASDAQ:CLIR) has secured the collaboration and additional funding from Southern California Gas Co. (OTC:SOCGP) for its 100% Hydrogen Ultra Low NOx burner project.

SoCalGas is providing financial support alongside a $1.6 million SBIR program Phase 2 Award from the DOE.

This backing will assist in decarbonizing hard-to-electrify industries, with $500,000 earmarked for introducing and demonstrating ClearSign's hydrogen-capable Core burner technology in Southern California.

"We believe our collaboration with SoCalGas provides not just additional financial support but also their engagement with us in moving the energy transition forward in Southern California and making our ClearSign Core technologies part of the technical portfolio available to all the industries that SoCalGas serves," said Jim Deller, Chief Executive Officer of ClearSign.

The project aims to develop ultra-low NOx hydrogen burner technology, enabling hydrogen fuel for industrial heating while reducing carbon dioxide and nitrogen oxide emissions. Phase One successfully deployed a prototype burner with low NOx emissions, and Phase Two involves scaling up the burner and deploying it in commercial settings over the next two years.

Price Action: CLIR shares are trading higher by 3.04% at $1.2880 on the last check Wednesday.

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Wednesday, September 20, 2023