In Connecticut, MarineLink reported that Zero Emission Industries (ZEI) announced it has raised $8.75 million through the completion of a Series A financing round led by Chevron New Energies, with participation from commodity trading firm Trafigura and shipping and logistics company Crowley.
ZEI said its partnerships with Chevron, Trafigura and Crowley will provide an opportunity to leverage their experience, insights and infrastructure to scale operations and meet customer demand. The company plans to offer integrated fueling and power system products in 2024, according to the report.
“As a company committed to finding solutions to help decarbonize and power the maritime industry, Crowley is excited to support ZEI and its mission to make hydrogen technology commercially viable. The advancements of hydrogen power could help not just our customers, but our people, vessels and communities we serve,” said James Fowler, senior vice president and general manager, Crowley Shipping.
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