San Francisco-based hydrogen know-how firm Zero Emission Industries (ZEI) introduced it has raised $8.75 million by means of the completion of a Series A financing spherical led by Chevron New Energies, with participation from commodity buying and selling firm Trafigura and delivery and logistics firm Crowley.
ZEI, previously referred to as Golden Gate Zero Emission, is finest referred to as the know-how group behind the Sea Change ferry, the world’s first industrial hydrogen gasoline cell vessel launched within the San Francisco Bay in 2021.
“The ZEI story began a decade ago when I was at Sandia National Laboratories working to decarbonize the maritime industry and found that it can only really be done with hydrogen,” mentioned ZEI CEO, Joseph Pratt. “I am so excited that our four companies have come together to accelerate that mission and expand our reach into all hard-to-decarbonize sectors.”
ZEI mentioned its partnerships with Chevron, Trafigura and Crowley will present a possibility to leverage their expertise, insights and infrastructure to scale operations and meet buyer demand. The firm plans to supply supply built-in fueling and energy system merchandise in 2024.
John Motlow, ZEI CSO, mentioned, “At Zero Emission Industries, we’re not just talking about theoretical solutions for maritime and heavy-duty vehicles. Our team of world leading experts is actually building tangible and defensible technology products that solve real problems. Innovations like our patented hydrogen refueling technology solves a real challenge that customers and suppliers face today.”
“As an organization dedicated to discovering options to assist decarbonize and energy the maritime business, Crowley is worked up to assist ZEI and its mission to make hydrogen know-how commercially viable. The developments of hydrogen energy might assist not simply our clients, however our folks, vessels and communities we serve,” mentioned James Fowler, senior vice chairman and common supervisor, Crowley Shipping, which incorporates superior power options.
“Trafigura’s funding in Zero Emission Industries aligns with our technique of partnership with actionable applied sciences for hydrogen and hydrogen spinoff initiatives. We stay up for seeing ZEI’s revolutionary applied sciences deployed out there within the coming months,” mentioned Margaux Moore, Head of Energy Transition Research and Venture Investments for Trafigura.
