AP Business SummaryBrief at 4:04 a.m. EDT | Business News … – Kentucky Today
Silicon Valley company raises $250M for hydrogen technology
In what could prove a milestone for an industry that hopes to address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to expand production of machines that can make clean hydrogen. Some climate experts say burning hydrogen can substitute for burning coal, oil or gas — without contributing to climate change. Just four or five years ago, a hydrogen company working on electrolysis would not have been able to raise several hundred million dollars, said Daryl Wilson, executive director of the Hydrogen Council. Mark Viehman, a hydrogen and clean fuels expert at Capgemini, called $250 million a “very impressive” fundraise. CEO Arne Ballantine said Ohmium will expand production at company facilities in Chikkaballapur, outside Bengaluru, India.
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SAN FRANCISCO (AP) — An Associated Press reporter recalls the first time he took a…
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