Emera, an energy and services company in northeast North America, is investing an undisclosed amount in carbon capture company Atlantic Hydrogen (AHI).

Aided by both funding and technical support from Emera, AHI has started the design, engineering and procurement work to build an industrial-scale CarbonSaver system at Emera’s Bayside electrical generating station.

Chris Huskilson, executive president of Emera, said: “Emera has made an equity investment in AHI to move this technology to the next phase of development. It is technologies like this that will help meet the clean energy requirements of the future.”

“This commitment of financial and human resources will be used to get our first off-site plant operational,” added David Wagner, executive president of AHI.

The CarbonSaver uses technology to process natural gas to produce hydrogen and carbon.

The company plans to start construction in the spring of 2013 and has also been backed by local oil group…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?