In California, Infinium 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 proprietary technology can enable organizations to meet carbon reduction goals by accelerating the transition away from fossil-based fuels. The Infinium Electrofuels process converts renewable power into green hydrogen and 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.