Infinium gains funding to decarbonise transportation

London-based AP Ventures has led a funding round that includes Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), Neuman & Esser, and the Grantham Environmental Trust to help Infinium develop applications to decarbonise the transportation sector.

Infinium’s 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 plane, ship and truck fleets without changes in infrastructure.

Electrofuels are “drop-in” replacements for traditional petroleum-derived products, enabling commercial transportation industry and logistics operators to make an immediate impact on carbon reduction targets without capital and time intensive upgrades to transportation infrastructure.

"Amazon created The Climate Pledge Fund to support the development of technologies and services that will enable Amazon and other companies to reach the goals of the Paris Agreement 10 years early—achieving net-zero carbon by 2040,” said Kara Hurst, VP of Worldwide Sustainability at Amazon. “Infinium’s electrofuels solution has real potential to help decarbonise transport that carries heavier loads and travels long distances, including air and freight, as well as heavy trucks."

AP Ventures is headquartered in London and manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses which aim to solve global challenges such as renewable energy integration, resource scarcity and rapidly changing demographics. The existing portfolio is focused on the hydrogen value chain and includes investments in Altergy Systems, ERGOSUP, Greyrock Energy, HPNow, HyET, Hydrogenious LOHC Technologies, Insplorion, Plug Power and ZEG Power.

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