/Companies

Tobe Energy

Techstars '25

Tulsa, US · Founded 2024 · 7 employees on LinkedIn · 10 known investors

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TOBE develops isothermal electrolysis technology for industrial-grade hydrogen production with >92% efficiency, using a pulsed waveform architecture that eliminates waste heat without rare earth materials. The company serves industrial hydrogen production customers seeking to reduce costs and environmental impact compared to conventional electrolysis methods.

Also known as TOBE · TOBE Energy

Founders & leadership

Tobe Energy was founded in 2024 by Colby F. DeWeese.

CFColby F. DeWeese
Colby F. DeWeeseFounder

Investors · 10

Also in the syndicate · 5

46 VC (Hurricane fund)46 VC (Scissortail fund)angel investorsThe University of TulsaWavefunction VC

Company profile

researched Sep 2026

TOBE Energy is an Oklahoma-based developer of a next-generation green hydrogen electrolysis system. Its electrolyzer uses a pulsed waveform architecture and a membrane-free cell design intended to eliminate waste heat and simplify the water-splitting process. The company states system efficiency above 92% (based on higher heating value, 42.2 kWh/kg H2), roughly eight times less heat loss than conventional systems, operation below 30°C without active cooling, and a five times smaller footprint. The design avoids platinum, iridium and rare earth metals in favor of commodity materials, including readily available U.S. stainless steel, and is described as 95% U.S.-sourced and built in Oklahoma City. Architecture is modular, scaling by replication rather than re-engineering.

The company positions the technology for large-scale industrial hydrogen use across fertilizer, fuel, food, pharmaceutical and steel production, and for emerging applications including 24/7 renewable power without batteries, AI data center energy storage, and e-fuels. Investor materials describe a roughly 75% reduction in capital cost and 50%+ lower operating cost versus conventional electrolyzers, and a 94.7% efficiency figure. Using its hydrogen with atmospheric carbon dioxide, TOBE says it can produce synthetic natural gas alternatives projected, with federal tax credits, to be cheaper than fossil fuels by 2027.

TOBE is pre-commercial, with a prototype that has logged 1,000 hours of runtime, regulatory certification work under way, and a memorandum of understanding with Zeeco covering a first hydrogen production pilot plant at Zeeco's Advanced Research Complex in Broken Arrow, Oklahoma.

Founding story

Founder and CEO Colby DeWeese is a University of Tulsa chemical engineering graduate who began his career in oil and gas, managing more than $75 million in oil, gas and petrochemical infrastructure projects, and grew up prototyping electronics with his father, the inventor of the TiVo. After becoming disillusioned with inefficiencies in traditional energy systems he moved into renewables, working first on hydrogen combustion and then green hydrogen production, and served as principal process engineer at Hydrogen Technologies, where he led design and delivery of a first-of-its-kind zero-emission hydrogen boiler. He founded TOBE after developing a new electrolysis process, which he characterizes as an efficiency leap comparable to the shift from incandescent bulbs to LEDs. Co-founder Caleb Lareau, also a UTulsa alumnus, studied mathematics and biochemistry before earning a doctorate at Harvard and co-founding Cartography Biosciences.

Business model

TOBE designs and manufactures electrolyzer systems sold to industrial hydrogen users, offering budgetary quotes and configured system pricing through an online sizing calculator and direct engineering consultation. Manufacturing is domestic, in Oklahoma City, with a modular architecture that scales by adding units.

Sale of configured electrolyzer systems to industrial customers, quoted on production requirements.

Traction

A zero-emission hydrogen prototype has logged 1,000 hours of runtime. The company is advancing regulatory certifications and has signed a memorandum of understanding with Zeeco for a first hydrogen production pilot plant at Zeeco's Advanced Research Complex in Broken Arrow, Oklahoma. It has raised a $1.8 million seed round and a subsequent investment from UTulsa's Hurricane Ventures.

Latest developments

In December 2025 the University of Tulsa and Hurricane Ventures announced an investment in the company. Trade and general press coverage continued into January 2026, including a CleanTechnica feature on the company's electrolyzer technology and Oklahoma's role in clean hydrogen.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

An early-stage entrant in green hydrogen electrolysis, backed by regional Oklahoma venture funds and a university fund, competing against conventional membrane-based electrolyzer designs on efficiency, capital cost and domestic supply chain. The company cites a $226 billion current hydrogen market, 94 million tonnes of annual hydrogen consumption of which 99% is fossil-derived, and a projected $1.4 trillion TAM by 2040 (sourced by the company to McKinsey Hydrogen Council and the IEA Net Zero Scenario).

Membrane-free, isothermal cell design with pulsed waveform power conversion, avoiding platinum, iridium and rare earth materials; near-ambient operation without cooling infrastructure; modular scaling; and 95% U.S.-sourced domestic manufacturing.

Technology

The core technology is an isothermal, membrane-free electrolysis cell driven by a pulsed waveform architecture that the company says reduces waste heat to near zero. Stated specifications include greater than 92% system efficiency on an HHV basis (42.2 kWh/kg H2), a separately cited 94.7% efficiency figure, eight times less heat loss, operating temperature below 30°C with no active cooling, and a five times smaller footprint. The cell uses no platinum, iridium or rare earth metals, relying instead on commodity materials including U.S. stainless steel. Removing the membrane simplifies production and is cited as cutting costs by up to 75%.

Go-to-market

Direct industrial sales supported by an online system-sizing and budgetary quote tool and engineer consultations. Co-founder and Chief Commercial Officer Louis Mounsey leads go-to-market strategy, partnerships and customer relationships internationally; the company is building a network of industrial partners and pursuing pilot deployments such as the Zeeco collaboration.

Industrial hydrogen consumers in fertilizer, fuel, food, pharmaceutical and steel production, plus energy, manufacturing and transportation sectors, with expansion targets in 24/7 renewable power, AI data center energy storage and e-fuels.

Geography

Oklahoma-based, with operations and manufacturing in Oklahoma City and Tulsa ties; the pilot plant collaboration is sited in Broken Arrow, Oklahoma. Commercial development extends internationally through its commercial leadership.

History

The company was established by Colby DeWeese with co-founder Caleb Lareau, both University of Tulsa alumni. In September 2025 Cortado Ventures led a $1.8 million seed round with participation from 46 VC (through its Scissortail and Hurricane funds), Techstars, Wavefunction VC and angel investors. Also in 2025, UTulsa associate professor of chemical engineering Javen Weston took a sabbatical to join the company and advance testing of its next-generation electrolysis technology. In December 2025 the University of Tulsa and its Hurricane Ventures fund announced an investment in the company, the fund's eleventh portfolio investment. Trade and local press coverage during 2025 and early 2026 included Chemical Engineering, The Journal Record, KTUL, Renewables Now, FuelCellsWorks, EnergyNews.pro and CleanTechnica.

Risks & controversies

Performance claims such as >92% and 94.7% efficiency, 75% capital cost reduction and 50%+ operating cost reduction are company-stated and based on HHV methodology; the technology remains at prototype stage with 1,000 hours of runtime and a pilot plant not yet built, and regulatory certifications are still in progress. Cost-parity projections for synthetic fuels depend on federal tax credits.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Capital cost reduction vs conventional electrolyzersSep 202575%
Efficiency (company-stated)Sep 202594.7%
HeadcountAug 20267
Operating cost reduction vs conventional electrolyzersSep 202550%
Operating temperatureJan 202630 degrees Celsius
Prototype runtimeSep 20251,000 hours
Specific energy consumptionJan 202642.2 kWh/kg H2
System efficiency (HHV)Jan 202692%
U.S.-sourced contentJan 202695%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 4

Companies working in the same space as Tobe Energy.

Timeline · 4

launches, deals, and filings
Dec 2025
University of Tulsa's Hurricane Ventures invests in Tobe Energy

The University of Tulsa and its Hurricane Ventures fund announced an investment in Tobe Energy, the fund's eleventh portfolio investment.

source ↗

Sep 2025
Cortado Ventures leads $1.8M seed round

Cortado Ventures led a $1.8 million seed funding round, with 46 VC (Scissortail and Hurricane funds), Techstars, Wavefunction VC and angel investors participating.

$1.8M source ↗

Sep 2025
MOU with Zeeco for first hydrogen production pilot plant

Tobe Energy signed a memorandum of understanding with Zeeco to collaborate on its first hydrogen production pilot plant at Zeeco's Advanced Research Complex in Broken Arrow, Oklahoma.

source ↗

Jan 2025
UTulsa professor Javen Weston joins Tobe Energy on sabbatical

Javen Weston, associate professor of chemical engineering at the University of Tulsa, took a sabbatical to join Tobe Energy and help advance testing of its next-generation electrolysis technology.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Tobe Energy do?
TOBE Energy builds membrane-free, isothermal electrolyzers for low-cost industrial green hydrogen production.
Who founded Tobe Energy?
Tobe Energy was founded by Colby F. DeWeese in 2024.
Who are Tobe Energy's investors?
Tobe Energy's investors include Cortado Ventures, FortySix Venture Capital, Hurricane Ventures, Techstars, Wave Function Ventures.
Where is Tobe Energy headquartered?
Tobe Energy is headquartered in Tulsa, US.