Zachary Steele and Jason Baran have decided to leave Fusion Fuel and will be stepping down from their roles of Co-Head and Chief Commercial Officer, respectively, as well as Co-Presidents of the Americas, to pursue other opportunities in the hydrogen and clean fuels sector.
The moves were announced as part of the company’s 1Q23 earnings release.
Steele said in an interview late last year that the company was working with RBC Capital Markets to develop projects in the US.
During two weeks of testing in mid-October, hydrogen and natural gas were tested in blends up to 25%/75% by volume to power a reciprocating internal combustion engine.
The US Department of Energy has awarded $118m in funding for 17 projects to accelerate the production of sustainable biofuels for transportation and manufacturing needs.
The towboat is being designed as a first-of-its-kind vessel using new, cleaner, fuel cell technology that works by converting stored methanol to hydrogen.
The company is well capitalized following a $250m equity investment from Generate Capital and is now opportunistically reviewing an initial slate of project M&A offerings.
An Australian fuels producer and concentrated solar power developer partnered with German and US fossil interests is developing its first US clean fuels project in Texas, and is looking for development partners with eyes on the greater southwest.
The German and American mobility provider is seeking to raise EUR 200m in a Series B equity raise, as the company plans to become a one-stop-shop for hydrogen-powered commercial vehicles, according to a teaser.
