Infinium has closed a US$ 69 million round of additional funding co-led by Amazon’s Climate Pledge Fund and a subsidiary of NextEra Energy Resources, LLC.
The funding will be used to develop large-scale facilities that can generate nearly 40 million gallons of electrofuels annually for the commercial transportation sector. The funding round also included investment from AP Ventures LLP, 8090 Partners, Mitsubishi Heavy Industries and Pavilion Capital.
Infinium Electrofuels technology converts renewable power into green hydrogen, then uses the green hydrogen and waste CO2 to produce ultra-low carbon fuels, replacing fossil fuel in planes, ships and truck fleets. Infinium’s electrofuels will help Amazon and other companies in aviation, shipping and trucking to reduce dependence on traditional fossil fuels.
In a separate development, Hexagon Purus has received a contract for a hydrogen fuel-cell electric (FCEV) Class-8 drayage truck from a North American customer. Under the contract, Hexagon will provide a service and support program that incorporates performance monitoring and reporting of the FCEV truck compared to current diesel drayage trucks. The contract has a value of around US$ 1.2 million and will be delivered in the Q4 of 2022.
Hexagon Purus will provide the complete vehicle integration, including the electric drivetrain and a full suite of Hexagon Purus solutions, including a 700 bar hydrogen storage system and battery packs. Drayage trucks refer to transporting cargo to and from intermodal seaports and railyards.