Kinetics, a new energy company by Karpowership specializing in floating LNG assets and renewable energy co-invested a $20 million Series A financing round for Exterra Carbon Solutions, a Canadian cleantech waste-to-value leader based in Quebec.
The investment will enable Extrerra to advance its flagship Hub I project and commercialize its dual-process technology.
Kinetics also participated in a $20 millions Series A financing round for Power to Hydrogen, a U.S.-based manufacturer of next generation AEM electrolyzers that produce green hydrogen from renewable electricity.
“These partnerships reflect our strategic vision to support breakthrough technologies that go beyond innovative electricity generation – enabling sustainable fuels, cleaner industries, and circular resource use,” said Mehmet Katmer, General Manager of Kinetics. “We’re proud to back innovators that are reshaping how the world produces, stores, and consumes energy.”