U.S. shipping company Crowley has emerged as an investor in hydrogen tech company Zero Emission Industries’ (ZEI) Series A funding round led by Chevron New Energies.
ZEI specializes in the design, development, and deployment of marine-specific hydrogen fuel cell power and storage systems. The new funds are expected to help ZEI roll out their next generation fully-integrated marine power system and scale quickly to meet the growing demand within the maritime industry for zero-emission propulsion solutions.
“We believe hydrogen is the best path to energy security and decarbonization of the maritime industry,” said ZEI CEO Dr. Joseph Pratt. “Chevron and Crowley bring a wealth of global experience and an ability to scale deployment across the marine market. We’re excited to leverage this partnership with our industry-leading technology to achieve exponential growth of the…
Crowley Bets on Hydrogen Fuel Cells to Help Decarbonize Maritime
