Kinetics Fuels Clean Energy Progress with Strategic Investments in North America

Kinetics, a newly established energy company from Karpowership, is making waves in the clean energy sector through substantial strategic investments aimed at advancing innovation and decarbonization across various industries, including energy, maritime, and mining. Launched with the vision of transitioning towards sustainable energy solutions, Kinetics’ recent funding rounds signal its commitment to reshaping how we think about energy production and its environmental impact.

In a notable move, Kinetics has co-invested in a $20 million Series A financing round for Exterra, a leading Canadian cleantech company that specializes in waste-to-value solutions. This investment will significantly enhance Exterra's flagship initiative, Hub I, located in Quebec, which will become the world's largest facility dedicated to asbestos mitigation. The Hub I project is set to process an impressive 400,000 tonnes of asbestos mine tailings annually, contributing towards a cleaner industrial landscape through its innovative dual-process technology that aims to create carbon-negative operational pathways.

In another bold investment, Kinetics has partaken in a $20 million Series A round for Power to Hydrogen, a U.S.-based manufacturer renowned for its next-generation AEM electrolyzers. This technology effectively produces green hydrogen from renewable electricity, which plays a crucial role in generating e-methanol and green ammonia. These resources are pivotal in decarbonizing the global shipping industry and addressing the crucial demand for eco-friendly alternative fuels. With this funding, Power to Hydrogen anticipates expanding its market reach to meet the rising need for accessible and economical green hydrogen solutions.

Mehmet Katmer, General Manager of Kinetics, expressed his enthusiasm about these partnerships, emphasizing that they reflect the company's commitment to backing revolutionary technologies that surpass mere electricity generation. These initiatives not only foster cleaner industries but also promote a circular use of resources in the global economy. Katmer highlighted, "We're proud to support innovators that are transforming how the world produces, stores, and consumes energy."

Paul Matter, Co-Founder and CEO of Power to Hydrogen, echoed this sentiment, stating that Kinetics' strategic investment marks a significant stride towards creating lower-emission shipping fuels. The growing urgency to decarbonize shipping and encourage the use of zero-emission fuels presents a promising opportunity for green hydrogen, e-methanol, and green ammonia – which are poised to become the future's dominant fuels. He affirmed that their innovative electrolyzer solutions provide a scalable, cost-efficient mechanism to fulfill this pressing demand.

Kinetics is leveraging its vast expertise and resources to emphasize the importance of long-term value creation while driving decarbonization efforts across challenging industries like mining and maritime transport. As part of its strategy for a sustainable future, Kinetics aims to facilitate cleaner energy infrastructures that address the evolving needs of its partners in the energy sector.

About Kinetics

Founded in 2024, Kinetics specializes in creating cleaner and flexible energy systems, primarily through floating LNG assets and renewable energy platforms. The company's innovative approach includes the development of battery energy storage systems (BESS) customized to meet industry advancements. As a dynamic initiative of Karpowership, which boasts over 25 years of experience in constructing leading floating power infrastructures, Kinetics is redefining energy deployment and access in an increasingly decarbonized landscape.

About Exterra

Exterra Carbon Solutions, a prominent Canadian cleantech leader located in Quebec, focuses on transforming mining waste into sustainable, low-carbon critical minerals. By leveraging its unique LOW™ process for producing low-carbon metal oxides and the ROC™ process for CO₂ mineralization, Exterra aims to establish new standards in sustainable mineral production.

About Power to Hydrogen

Power to Hydrogen, based in Columbus, Ohio, is on the leading edge of advanced electrolysis technology. Their innovative AEM electrolyzers present an economical and high-performing alternative in the clean hydrogen sector, designed for seamless integration with renewable energy sources. The company's mission is clear: to help expedite the transition to a clean energy economy by delivering reliable and affordable hydrogen solutions.