ZEI’s management staff onboard the Sea Change: (L to R) Danny Terlip, John Motlow, Dr. Joe Pratt, Ricky Elder
Maritime hydrogen gas cell specialist Zero Emission Industries (ZEI) has introduced the primary shut of its Series A funding spherical. The spherical is led by Chevron New Energies with extra funding from Crowley.
ZEI is the designer and developer of the first-of-its-kind maritime hydrogen and gas cell system used within the Sea Change, the world’s first gaseous hydrogen gas cell powered passenger ferry, in addition to the vessel’s distinctive fueling system that permits it to be fueled instantly from a hydrogen truck.
The new funds are anticipated to allow ZEI to roll out its subsequent technology totally built-in marine energy system and scale rapidly to satisfy the demand throughout the maritime trade for zero emission propulsion options.
The Sea Change ferry will likely be considered one of many highlights of this yr’s FERRIES 2022 convention going down November 1-2 in San Francisco.
“We believe hydrogen is the best path to energy security and decarbonization of the maritime industry. Chevron and Crowley bring a wealth of global experience and an ability to scale deployment across the marine market. We’re excited to leverage this partnership with our industry-leading technology to achieve exponential growth of the marine hydrogen market,” stated ZEI CEO Dr. Joseph Pratt.
ZEI is led by Pratt, who has constructed a staff of hydrogen and marine specialists with deep trade data and experience within the design, improvement, and deployment of hydrogen gas cell energy programs and different vital hydrogen know-how. ZEI produces marine-specific turn-key gas cell energy and hydrogen storage programs that ship superior efficiency.
“Our intelligent, connected, reliable power systems are the only ones on the market built from the ground-up specifically to meet the rigorous demands of the marine community. Designed to be as easy to install and operate as a marine diesel engine, we are working to build solutions that truly enable the maritime industry to decarbonize without negatively impacting their operations,” stated ZEI Executive VP John Motlow.
ZEI says that the investments from Chevron and Crowley create an built-in worth chain from hydrogen manufacturing to energy programs to vessels. It provides that the collaboration will drive worth for finish customers and companions alike by simplified and price efficient fueling and energy options made particularly for maritime.
“As the maritime industry focuses on lower carbon opportunities, hydrogen is well-suited to address these, and we are excited to collaborate with ZEI to advance this potential,” stated Austin Knight, vp of hydrogen for Chevron New Energies. “Chevron believes in the value of partnering to develop hydrogen solutions that have the potential to scale and support a lower carbon world, and this is a step in that direction.”
Chevron New Energies launched in 2021 to deal with establishing decrease carbon companies in CCUS, hydrogen, renewable fuels and merchandise, offsets, and different rising areas.
“Investing in and developing innovative, clean energy solutions such as hydrogen is critical to reaching the maritime industry’s decarbonization goals. Crowley can only reach net-zero emissions with collaboration that produces new ideas by partners and stakeholders,” stated Tom Crowley, the corporate’s chairman and CEO. “Working with Chevron and ZEI is an opportunity to help lead the shipping and logistics industry—and the communities we serve—to reach a more sustainable future.”
