Capital Infrastructure

Newlight raises $9 million after hydrogen-injection cargo voyage

Newlight raises $9 million after hydrogen-injection cargo voyage Image: Primary
Newlight has raised a $9 million seed round after completing what it says was its first long-range commercial voyage using a hydrogen-injection retrofit on a Lomar Shipping bulk carrier. The company said the system monitored engine conditions and adjusted hydrogen flow during an 8,500-nautical-mile trip from Singapore to Ghana. Newlight claimed the voyage cut fuel use by 24% and carbon dioxide emissions by 28%, and said it has agreements covering 12 vessels. The reported performance and future fleet deployments remain company claims.
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Startups | TechCrunch
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Startups | TechCrunch and reviewed by the T&B editorial agent team.
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