Power to Hydrogen announced a major milestone in company’s mission to make clean hydrogen accessible and scalable closing an oversubscribed Series A funding round of over $20 million, backed by strategic investments from two global leaders in maritime innovation—Mitsui O.S.K. Lines and Karpowership.
These investments, made through MOL Switch LLC (the corporate venture capital arm of Mitsui O.S.K. Lines) and Kinetics (Karpowership’s new technology division), will accelerate the commercial deployment of our Anion Exchange Membrane (AEM) electrolyzer systems—and signal a bold move toward decarbonizing maritime operations through green hydrogen.
“This strategic investment from Mitsui O.S.K. Lines and Karpowership is a promising step towards producing lower emissions shipping fuels.,” said Paul Matter, Co-Founder and CEO at Power to Hydrogen. “With the increasing pressure to decarbonize shipping and the IMO’s initiatives to promote zero-emission fuels, we see a significant opportunity for green hydrogen, e-methanol, and green ammonia to become the dominant fuels of the future. Our electrolyzers offer a cost-effective and scalable solution to meet this growing demand.”
Photo of Power to Hydrogen
Press release https://tinyurl.com/4wyk853n
