Graphitic Energy and Technip Energies Form Collaboration to Scale Clean Hydrogen Technology

San Antonio, TX – May 6, 2025 – Graphitic Energy(“Graphitic”), formerly known as C-Zero, has entered into a strategic collaboration with the Claremont office of Technip Energies USA to jointlydevelop and deploy Graphitic’s innovative methane pyrolysis technology. Thisinnovative process utilizes natural gas to produce clean hydrogen and graphite,a crystalline form of carbon used in batteries, lubricants, refractories, andhigh-temperature industrial processes. The agreement between Technip Energiesand Graphitic includes funding dedicated to testing campaigns to support technologyadvancement. Later this year, the two companies also plan to enter into alicensing collaboration agreement to accelerate the deployment of Graphitic’ stechnology around the world.

Graphitic Energy's groundbreaking methane pyrolysis technology enablesthe production of clean hydrogen and solid carbon with no direct CO₂emissions.  The process is low electricity intensive andcan be scaled to produce 100,000 metric tons of hydrogen per year in asingle process train. The collaboration will leverage Technip Energies’ leadingpositions in hydrogen generation and fluidized bed technology.

"TechnipEnergies is excited to enter into this cooperation with Graphitic Energy andbring forward our recognized hydrogen production experience and fluidized bedexpertise to standardize plants globally for the production of hydrogen andsynthetic graphite with minimal direct CO₂ emissions. Thestandardized designs will allow for lower pre-investment costs, acceleratedimplementation time, high predictability on project economics, and reducedoverall capital costs. This cooperation underscores Technip Energies'commitment to delivering sustainable, innovative, cost-effective low carbonsolutions strengthening our technology portfolio.” said MarioTommaselli, Senior Vice President Gas & Low Carbon Energies at TechnipEnergies.

Unlike other low-carbon hydrogen production paths,Graphitic’s process economics do not require government subsidies to becost-competitive, and the company can profitably deliver both hydrogen andgraphite at current market prices. In addition, the company’s technology can besited anywhere natural gas or LNG are available, without the need to sourcerenewable electricity or perform geological CO₂ sequestration.

"Graphitic's technology enables the production of twocritical products from natural gas.  We've taken it from an idea, throughthe lab scale, and into a large pilot generating tonnes of graphitic material. Collaborating with Technip Energies will enable us to get to market faster andprovide interested parties with high quality engineering packages,” saidGraphitic’s Co-Founder and CEO Zach Jones.

In March of 2025, Graphitic commissioned its pilot plant inSan Antonio, TX. This state-of-the-art facility is capable of producing severalhundred kilograms of hydrogen and up to 1,000 kg of solid carbon per day, withcontinuous 24/7 operations. It is expected to operate through the end of 2025. Thecompany’s pilot is supported by a recent $15 million extension of its series Afunding, bringing its total investment to over $65 million.

About Technip Energies

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO₂ management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality.

Through collaboration and excellence in execution, our17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter.

For further information: www.ten.com

About Graphitic Energy

Headquartered in Santa Barbara, CA with plant operations in San Antonio, TX, Graphitic Energy has developed a novel methane pyrolysis process for sustainably using natural gas to produce hydrogen and graphite. This delivers low-cost, clean hydrogen alongside high-value, graphitic carbon. Unlike current hydrogen generation technologies, Graphitic’s process converts abundant natural gas into hydrogen and solid carbon with virtually no directCO2 emissions. The company has raised over $65 million from investors including Breakthrough Energy Ventures, Energy Capital Ventures, Trafigura, SK Gas, Eni, Mitsubishi Heavy Industries, ENGIE, and AP Ventures.

For more information, visit www.graphitic.com

Contact Information:

Sydney Bartone, Business Development Manager

Sydney.bartone@graphitic.com

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