Kinetics Invests in Green Hydrogen Solutions for Maritime Industry
Key Ideas
- Kinetics, a company associated with Karpowership, invests in Power to Hydrogen to promote the production of green hydrogen for decarbonizing the energy and maritime industries.
- The investment supports the commercialization of AEM electrolyzers to produce green hydrogen, e-methanol, and green ammonia as sustainable shipping fuels.
- Power to Hydrogen's AEM technology offers a scalable and cost-effective solution ideal for clean hydrogen fuel production in various settings, aligning with decarbonization goals.
- In addition to green hydrogen solutions, Kinetics also co-invests in Exterra, a cleantech company in Canada, to advance asbestos mitigation and commercialize waste-to-value technology.
Kinetics, a new company linked to Karpowership in Turkey, has recently invested in Power to Hydrogen, a U.S.-based manufacturer of anion exchange membrane (AEM) electrolyzers. This strategic investment aims to promote the production of green hydrogen to support innovation and decarbonization in the energy and maritime industries. The investment will help accelerate Power to Hydrogen's commercialization of AEM electrolyzer systems that generate green hydrogen from renewable electricity sources. The focus is on producing e-methanol and green ammonia as part of the commitment to decarbonize the shipping sector.
Power to Hydrogen's patented AEM technology is highlighted for providing a scalable and cost-effective solution for producing clean hydrogen fuel at ports, offshore locations, or in hybrid configurations alongside renewable energy sources. The CEO of Power to Hydrogen, Paul Matter, sees this strategic investment as a promising step towards developing lower emissions shipping fuels. He emphasizes the potential for green hydrogen, e-methanol, and green ammonia to become dominant fuels in the future, given the global push for decarbonization and zero-emission fuels.
Kinetics, through its General Manager Mehmet Katmer, expresses pride in supporting breakthrough technologies that enable sustainable fuels, cleaner industries, and circular resource use. Besides investing in green hydrogen solutions, Kinetics has also co-invested in Exterra, a Canada-based cleantech waste-to-value company. This investment aims to advance technology for asbestos mitigation and commercialize waste-to-value processes, with a specific focus on the flagship Hub I project in Quebec.
Hub I is projected to be the world's largest asbestos mitigation facility, processing a significant amount of asbestos mine tailings annually. This dual investment approach by Kinetics showcases a commitment to supporting innovative technologies that drive decarbonization and sustainable practices in various industries.
Topics
Power
Renewable Energy
Innovation
Clean Technology
Sustainable Fuels
Cleantech
Shipping Sector
Waste-to-value
Asbestos Mitigation
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