Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust.
The proceeds will be used to advance the development of commercial scale applications to decarbonize the transportation sector.
Infinium’s technology aims to help enable organizations meet carbon reduction goals by accelerating the transition away from fossil-based fuels.
The Infinium Electrofuels process converts renewable power into green hydrogen, then uses this green hydrogen and waste carbon dioxide to produce net-zero carbon fuels. These fuels may be used in today’s ships.
In addition, Infinium’s Electrofuels are “drop-in” replacements for traditional petroleum-derived products.
We expect that current projects under development will be the first broad-scale utilization of electrofuels by commercial vehicles, harmonizing hydrogen utilization and waste carbon capture
said Robert Schuetzle, CEO of Infinium.
As for Amazon, Kara Hurst, Vice President of Worldwide Sustainability at Amazon, said that electrofuels solution has real potential to help decarbonize transport.
In order to mitigate climate change and realize a sustainable future of clean energy, we need new technology solutions. Infinium’s market readiness and scalability makes it stand out from other alternative fuel providers
concluded Andrew Hinkly, Managing Partner at AP Ventures.
