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Chevron and Cummins announce strategic collaboration on hydrogen

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Chevron USA, through its Chevron Products Company division, and Cummins announced a memorandum of understanding (MOU) to explore a strategic alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. —Andy Walz, president of Chevron’s Americas Fuels & Lubricants.

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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. The round is led by Chevron New Energies with additional investment from US-based shipping and logistics company Crowley. ZEI currently offers the ZEP 250, a modular 250 kW hydrogen fuel cell power unit.

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Renewable fuels company Raven SR announces $20M strategic investment from Chevron, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund

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a waste-to-fuels company, closed a $20-million strategic investment from Chevron USA, ITOCHU, Hyzon Motors and Ascent Hydrogen Fund. Raven SR plans to build modular waste-to-green hydrogen production units and renewable synthetic fuel facilities initially in California and then worldwide. Raven SR Inc., Earlier post.).

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Chevron invests in nuclear fusion start-up Zap Energy

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Chevron Corporation made a Series A investment in Zap Energy Inc. , a Seattle-based start-up company developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible, and commercially scalable fusion. —Barbara Burger, president of Chevron Technology Ventures.

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Chevron, Toyota to explore strategic alliance on hydrogen

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Chevron USA, through its Chevron Products Company division (Chevron), and Toyota Motor North America, Inc. Exploring opportunities to pursue joint research and development in hydrogen-powered transportation and storage. —Andy Walz, president of Chevron’s Americas Fuels & Lubricants.

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Cummins and Chevron advance strategic collaboration; focus on lower carbon-intensity fuels

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Cummins and Chevron USA, a subsidiary of Chevron Corporation announced a memorandum of understanding to leverage complementary positioning in hydrogen, natural gas, and other lower carbon fuel value chains. This collaboration is intended to encourage commercial and industrial adoption in North America.

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Occidental Petroleum and Chevron invest in direct air carbon capture and synthetic fuels company Carbon Engineering

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(CE) has received equity investment from two global energy companies: Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation; and Chevron Technology Ventures (CTV), the venture capital arm of Chevron Corporation. —Steve Oldham, CEO of CE. Fort Capital acted as advisors to CE on this transaction.

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