Power to Hydrogen has successfully closed a Series A funding round with significant investments from Mitsui O.S.K. Lines and Karpowership to advance the commercialization and scalability of its Anion Exchange Membrane (AEM) electrolyzer technology. The funding of over $20 million will facilitate the deployment of commercial electrolysis systems and the expansion of production capacity to meet the rising demand for green hydrogen. This strategic move aligns with the increasing need for zero-carbon shipping fuels and underscores Power to Hydrogen's dedication to providing accessible hydrogen solutions. The investment will enable Power to Hydrogen to enhance its project delivery capabilities by scaling up production and operations teams, as well as expanding its global market presence in key regions requiring hydrogen for sustainable fuel production. The AEM electrolyzer technology developed by Power to Hydrogen offers high performance and cost-efficiency, leveraging abundant materials to produce hydrogen from renewable electricity. This technology is crucial for driving down the costs of sustainable maritime fuels like e-methanol and green ammonia. The timing of this investment is pivotal as the International Maritime Organization (IMO) pushes for a significant reduction in international shipping emissions by 2040. The IMO's consideration of a maritime greenhouse gas (GHG) emissions pricing mechanism underscores the urgency to transition to zero/near-zero GHG emission fuels. The participation of Mitsui O.S.K. Lines and Karpowership in this funding round signifies a shared vision for a sustainable future and a commitment to accelerating the adoption of green energy sources. Leaders from Power to Hydrogen, Mitsui O.S.K. Lines, and Karpowership expressed optimism about the partnership's potential to drive lower emissions in shipping fuels and advance the energy transition. The endorsement from industry players like Rev1 Ventures and Worthington Enterprises further solidifies the confidence in Power to Hydrogen's innovative solutions. This strategic investment not only propels the development of cleaner maritime fuels but also underlines a collective effort towards a sustainable and decarbonized future.