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Universal Hydrogen announces $20.5M in Series A funding to build and test full-scale hardware for hydrogen commercial aircraft

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million Series A financing round led by prominent Silicon Valley venture fund, Playground Global, with the investor syndicate comprising Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

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Cabot Corporation to open new battery application technology center in Europe

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Cabot Corporation plans to establish a new technology center in Münster, Germany. Cabot has commercial sales with the top global battery producers and these innovations have further enabled Cabot to build strong partnerships with battery producers.

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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Australia-based Hysata, which is commercializing capillary-fed electrolysis technology developed at the University of Wollongong ( earlier post ) has closed its oversubscribed Series A funding round of $42.5 million AUD (US$30 million).

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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

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Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina.

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Corporate EV Alliance calls for US standards ensuring interoperable chargers

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billion to building out a national network of electric vehicle chargers. The letter is on behalf of the Corporate Electric Vehicle Alliance, the 28 members of which together represent more than $1 trillion in annual revenue and collectively own, lease, or operate more than one million fleet or networked vehicles in the US.

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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

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XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. Fleet electrification as a whole is still in the early stages of development, and there is tremendous untapped opportunity in the years and decades ahead.

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GM expanding into new commercial applications for its HYDROTEC fuel cell systems

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GM announced new commercial applications of its HYDROTEC fuel cell technology. These fuel cell generators could ultimately replace gas- and diesel-burning generators with fewer emissions at worksites, buildings, movie sets, data centers, outdoor concerts and festivals. Mobile Power Generator.

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