Hydra Energy expands hydrogen fuel supply

According to a Reuters report on May 27th, fuel startup Hydra Energy said on Thursday that it has raised 15 million Canadian dollars ($12.

The latest financing comes from Just Business, headquartered in Emeryville, California, which focuses on sustainable investment, bringing Hydra's total financing to 22 million Canadian dollars.

Hydrogen produces water when it is burned and is considered a potential substitute for long-distance trucking, aviation, and shipping, all of which are major users of fossil fuels.

Hydra's hydrogen capture pilot project was carried out in cooperation with Chemtrade at a chemical plant in British Columbia.

The Delta, British Columbia-based company has road-tested modified trucks on commercial routes, covering more than 200,000 kilometers (124,275 miles).

Shen Hanye excerpted and translated from Reuters

The original text is as follows:

Hydra Energy raises $12 mln for hydrogen fueling expansion

Fuelling startup Hydra Energy said on Thursday it had raised 15 million Canadian dollars ($12.

The latest financing comes from Emeryville, California-based Just Business, which focuses on sustainable investments and brings Hydra's total funding to 22 million Canadian dollars.

Hydrogen, which produces water when it burns, is seen as a potential alternative for long-haul trucking, the aviation industry, and maritime shipping, all major users of fossil fuels.

Hydra's test hydrogen capture project is in partnership with Chemtrade at a chemical plant in British Columbia.

The Delta, British Columbia-based company's converted trucks have undergone on-road testing on commercial routes covering over 200,000 kilometers (124,275 miles).