Canadian-based Purpose ESG has revealed today (Jan 10) a new fund that will aim to build upon the company’s new sustainable technologies which includes hydrogen.
With the fund set to include five central pillars to support sustainability, hydrogen will make a focal point in the company’s future developments with the clean energy carrier significant for decarbonisation.
Within the hydrogen power pillar, the company is set to use available funds to progress the hydrogen economy through low-cost production, exploring hydrogen use in heavy road transportation, and last-mile solutions.
In addition to this, carbon capture is also set to be explored with an emphasis on coupling it with blue hydrogen production to ensure that it is created with a low carbon footprint.
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