Kinetics' Strategic Investments Drive Clean Energy Innovation in North America
Key Ideas
  • Kinetics, a new energy company, announces investments in Exterra and Power to Hydrogen to advance clean energy solutions in North America.
  • The investment in Exterra will support the creation of the world's largest asbestos mitigation facility and carbon-negative industrial operations in Quebec.
  • The investment in Power to Hydrogen aims to boost the production of green hydrogen, e-methanol, and green ammonia for decarbonizing the global shipping sector.
  • These partnerships highlight Kinetics' commitment to supporting breakthrough technologies for sustainable fuels and cleaner industries while driving decarbonization across various sectors.
Kinetics, a new energy company and a subsidiary of Karpowership, has recently made strategic investments in North America to accelerate clean energy innovation. The company co-invested in a $20 million Series A financing round for Exterra, a Canadian cleantech waste-to-value leader, to support the advancement of its flagship Hub I project in Quebec. This project aims to process 400,000 tonnes of asbestos mine tailings annually, making it the world's largest asbestos mitigation facility. Additionally, the investment will help commercialize Exterra's dual-process technology for carbon-negative industrial operations. Furthermore, Kinetics participated in a $20 million Series A financing round for Power to Hydrogen, a U.S.-based manufacturer of AEM electrolyzers that produce green hydrogen, e-methanol, and green ammonia. This investment is crucial for decarbonizing the global shipping sector and meeting the increasing demand for sustainable fuels. Power to Hydrogen's CEO, Paul Matter, expressed optimism about the role of green hydrogen, e-methanol, and green ammonia in reducing emissions in the shipping industry. These strategic investments reflect Kinetics' vision of supporting technologies that enable sustainable fuels, cleaner industries, and circular resource use. The company aims to drive decarbonization across challenging sectors like mining and maritime transport by collaborating with innovative partners. By leveraging its global expertise, Kinetics is focused on scaling up solutions that create long-term value while advancing the transition to cleaner energy sources. Overall, these partnerships demonstrate a positive outlook on the potential of innovative technologies to reshape the energy landscape in North America and beyond.
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