Verne Receives US Army Funding for Cryo-Compressed Hydrogen Technology
Key Ideas
- Verne selected to develop cryo-compressed hydrogen solutions for US Army vehicles in partnership with Ground Vehicle System Centre and manufacturers.
- US Military, a major oil consumer, aims to reduce emissions by exploring Verne's CcH2 technology with potential 33% density improvement over liquid hydrogen.
- Venture capital firm Decisive Point to provide strategic support for Verne's project, indicating industry confidence in hydrogen technology.
- Amazon and United Airlines back Verne's CcH2 technology, boosting the company's total funding to $15.5 million.
Verne has secured funding from the US Army to develop cryo-compressed hydrogen (CcH2) solutions for medium and heavy-duty vehicles. This initiative aims to help the US Military, known as the largest consumer of oil globally, reduce its carbon footprint. By cooling and compressing hydrogen, Verne's technology achieves a remarkable density of 73 grams per litre internally, showing significant improvements over conventional hydrogen storage methods. The US Army's decision to explore CcH2 signifies its commitment to adopting zero-emission technologies without compromising performance standards. Venture capital firm Decisive Point is set to offer strategic support for the project, underlining the industry's confidence in hydrogen advancements. Moreover, major companies like Amazon and United Airlines have invested in Verne's CcH2 technology, highlighting the growing interest and support for hydrogen solutions in the transportation sector. These developments position Verne as a key player in the advancement of hydrogen technology, with potential implications for sustainable energy use in heavy-duty vehicles and beyond.