In the Netherlands, Offshore Energy reported that Kinetics, a new company launched by Turkiye’s Karpowership specializing in floating LNG assets and renewable energy, has made a strategic investment in Power to Hydrogen, a U.S.-based manufacturer of anion exchange membrane (AEM) electrolyzers, to support innovation and decarbonization in the energy and maritime industries. Kinetics was established in 2024 to focus on scaling up solutions that create long-term value and drive decarbonization across hard-to-abate sectors such as mining and maritime transport, according to the report. Recently, the company participated in a $20 million Series A financing round for Power to Hydrogen, supporting its production of AEM electrolyzers that generate green hydrogen from renewable electricity, it added. The investment will be used to accelerate Power to Hydrogen’s commercialization of AEM electrolyzer systems and back the production of e-methanol and green ammonia as part of the commitment to decarbonize the shipping sector.
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