Country for PR: United States
Contributor: PR Newswire New York
Wednesday, April 03 2019 - 00:00
FirstElement Fuel's California Hydrogen Network Receives $24 Million in Funding from Mitsui and Air Liquide to help Quadruple its Retail Capacity
IRVINE, Calif., Apr. 2, 2019 /PRNewswire-AsiaNet/--

-- FirstElement Fuel operates the largest retail hydrogen network in the world 
and has secured $24 Million in additional capital to grow its hydrogen fueling 
capacity from the ability to serve 7,000 fuel cell electric vehicles to more 
than 28,000

FirstElement Fuel Inc ( 
) announced today that it has secured $24 Million in funding to help fund the 
growth of its True Zero Hydrogen Network ( 
) of retail stations in California, and thereby quadruple the company's 
capacity to dispense retail hydrogen to customers of fuel cell electric 
vehicles.  FirstElement Fuel's retail hydrogen network is the largest in the 
world today, and the growth funding from Mitsui Group's U.S. based subsidiary 
Hy Solution, Inc. and Air Liquide, with each company providing $12 million, 
will expand its capacity from the ability to serve 7,000 fuel cell electric 
vehicles to more than 28,000 vehicles.
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"American, Japanese, and French companies are coming together to invest in a 
retail hydrogen network that is the first of its kind anywhere in the world," 
said Joel Ewanick, Founder & CEO of FirstElement Fuel Inc. "This shows the 
critical role that California is playing in a global energy transformation, and 
it's based on a business case that allows us to expand and drive down the price 
of hydrogen fuel, all with a road to profitability and sustainability."

As a result of policies and investments from the Energy Commission and Air 
Resources Board, the State of California has helped zero-emission hydrogen 
vehicles get an early boost.  Now California's position as a global leader in 
fuel cell electric vehicle deployment is unlocking private investment dollars 
from multi-national companies such as Mitsui Group and Air Liquide as the 
hydrogen vehicle market positions itself for more aggressive growth. Leading up 
to this round of funding, FirstElement Fuel has grown its True Zero Network in 
California, today the largest retail hydrogen network in the world, with 
financial assistance from the California Energy Commission, Toyota, Honda, the 
South Coast AQMD, and the Bay Area AQMD.

"California is committed to developing a robust hydrogen refueling network that 
will support the deployment of zero-emission fuel cell electric vehicles," says 
California Energy Commission Vice Chair, Janea A. Scott ( 
). "Private investments such as those announced today, represent a tremendous 
opportunity to accelerate California's transition to a zero-emission 
transportation market, which in turn helps the state meet its air quality 
standards and achieve its climate change goals."

Further bolstering the growth of California's fuel cell electric vehicle 
market, FirstElement Fuel entered into a long-term supply agreement for liquid 
hydrogen with Air Liquide ( 
), who last November committed $150 Million USD of investment to build a 
hydrogen production facility for the zero-emission hydrogen vehicle market.  
The use of liquid hydrogen for distribution and on-site storage significantly 
enhances the efficiency of FirstElement Fuel's operations and puts the company 
on a path to significantly scale up the performance of its stations while 
reducing the price of retail hydrogen to the customer.

Currently FirstElement Fuel operates 19 of its True Zero retail hydrogen 
stations with 12 more under development.  The True Zero Network of stations 
spans from San Diego, throughout Orange County, Los Angeles, and the San 
Francisco Bay Area, and out to Santa Barbara and Lake Tahoe.  Since the opening 
of its first station in January 2016, the True Zero Network has completed over 
300,000 successful fills, replaced more than 65 million gasoline miles with 
zero emission fuel cell miles, and avoided over 41 million pounds of greenhouse 
gas emissions (in CO2 equivalence). 

About FirstElement Fuel Inc
FirstElement Fuel Inc is a California-based company established in 2013 to 
provide safe, reliable, retail hydrogen to customers of fuel cell electric 
vehicles.  The company is the developer, owner and operator of the True Zero 
brand of retail hydrogen stations, which currently represents the largest 
retail hydrogen station network in the world.

Learn about our True Zero Network at

CONTACT: Dr. Shane Stephens
         Founder & CDO
         FirstElement Fuel Inc.

SOURCE:  FirstElement Fuel