Kinetics, a new energy company established in 2024 by Karpowership, has announced strategic investments in two innovative companies - Exterra and Power to Hydrogen. The $20 million Series A financing round for Exterra, a Canadian cleantech waste-to-value leader, will support the advancement of its flagship Hub I project in Quebec. This project aims to become the world's largest asbestos mitigation facility, turning asbestos mine tailings into a carbon-negative industrial operation. On the other hand, Kinetics has also invested $20 million in Power to Hydrogen, a U.S.-based manufacturer of advanced electrolyzers that produce green hydrogen and support the production of e-methanol and green ammonia. These investments are crucial for decarbonizing industries like shipping by providing cost-effective and scalable solutions for producing sustainable fuels. Both companies are expected to utilize the funding to further develop their technologies and expand their global market presence. Kinetics' General Manager, Mehmet Katmer, highlighted the company's commitment to supporting breakthrough technologies that enable sustainable fuels, cleaner industries, and circular resource use, contributing to long-term decarbonization efforts. Paul Matter, Co-Founder and CEO of Power to Hydrogen, emphasized the significance of the strategic investment in the context of lower emissions shipping fuels and the growing demand for green hydrogen, e-methanol, and green ammonia as dominant fuels of the future. Through these partnerships and investments, Kinetics aims to drive innovation and decarbonization in energy, maritime, and mining sectors, aligning with their global expertise and commitment to sustainable energy solutions.