FirstElement Fuel has received a total of $24m from Mitsui subsidiary Hy Solution and Air Liquide that will fund the expansion of its hydrogen fuel station network.

Industrial gas producer Air Liquide and Hy Solution, a subsidiary of diversified conglomerate Mitsui, have each invested $12m in US-based hydrogen fuel supplier FirstElement Fuel.

FirstElement runs 19 hydrogen retail fuel stations in the US state of California that serve drivers of fuel cell-powered electric vehicles. The $24m will fund the growth of its True Zero Hydrogen Network, with 12 more stations already in the development stage.

The company has formed a liquid hydrogen supply agreement with Air Liquide, which…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.
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