Kinetics Invests in Waste-to-Value and Green Hydrogen Tech

ISTANBUL, May 7, 2025 - Kinetics, a new energy company by Karpowership, invests in Exterra and Power to Hydrogen to boost sustainable energy. Kinetics co-invested $20 million in Exterra, a Canadian waste-to-value company, to advance its Hub I project in Quebec. Hub I will process 400,000 tonnes of asbestos mine tailings annually, becoming the world's largest asbestos mitigation facility. Kinetics also invested $20 million in Power to Hydrogen, a U.S. AEM electrolyzer manufacturer, to support global expansion. Power to Hydrogen produces green hydrogen from renewable electricity for e-methanol and green ammonia production. This investment aims to decarbonize the global shipping sector by providing cost-effective green hydrogen. These investments reflect Kinetics' strategy to support technologies enabling sustainable fuels and cleaner industries. The company aims to scale solutions for decarbonization in sectors like mining and maritime transport.