Verne’s first-of-a-kind project will demonstrate the performance benefits of cryo-compressed hydrogen fuel for Class 8 trucking and other heavy-duty transportation sectors

Edmonton, Alberta, April 24, 2024 - Verne received a grant from Alberta Innovates to fund the development and demonstration of a Class 8 truck powered by cryo-compressed hydrogen (CcH2). Verne’s project will mark the first demonstration of a Class 8 truck powered by CcH2, and will illustrate the performance benefits and decarbonization potential of the technology to key stakeholders in Alberta and beyond.

Verne (San Francisco, CA) is a leading developer of high-density hydrogen storage systems. Verne’s cryo-compressed hydrogen technology stores hydrogen at a maximum hydrogen density of 73 g/L, a 33% improvement over liquid hydrogen and an 87% improvement over 700 bar compressed gas hydrogen, maximizing vehicle range and payload. Verne’s CcH2 system enables over 1,200 kilometers of range, achieving equivalent performance to diesel-trucks and superior performance to available hydrogen and battery electric trucks. The increased density also means that Verne’s storage systems reduce material usage and cost by 50% relative to compressed gas storage systems of equivalent volume.

Through this project, Verne will work with Alberta-based partners to retrofit an existing diesel internal combustion engine truck to run on a blend of diesel and hydrogen (known as a “dual-fuel” combustion engine). Verne will then demonstrate the truck and a proprietary mobile CcH2 refueler with Alberta fleets and other collaborators. This first-of-a-kind project will demonstrate the performance of CcH2 in the rigorous Alberta operating environment and provide key stakeholders – including fleets, truck manufacturers and station developers – with first-hand experience with CcH2 and its benefits over existing options.

Heavy-duty transportation is responsible for 12% of global greenhouse gas emissions. Class 8 trucks are some of the largest polluters, as they haul heavy-payloads and travel long distances each day. Verne is targeting Class 8 trucking as the first market to commercialize its technology, but Verne has also received significant commercial interest from leading partners in aviation, port equipment, mining and hydrogen distribution.

Bav Roy, Verne Co-founder & COO, was present at the Canadian Hydrogen Convention in Edmonton, Alberta for the announcement: “Verne was founded with the mission of decarbonizing heavy-duty transportation. This project is a critical step in demonstrating that Verne’s high-capacity hydrogen systems can play a major role in bringing diesel-like performance to clean transportation. Verne thanks Alberta Innovates and our partners in the region for their strong support.”

This grant was awarded as part of Alberta Innovates’ Hydrogen Centre of Excellence Competition II. Alberta Innovates is an Alberta crown corporation advancing innovation in the province, and the Hydrogen Centre of Excellence was founded to accelerate innovation across the hydrogen value chain in Alberta.

Verne was founded in 2020 to solve the challenge of decarbonizing heavy-duty transportation through high-density hydrogen storage. Last year, Verne announced a CcH2 storage record during stationary demonstration of a 29 kg storage tank at Lawrence Livermore National Laboratory. Verne also completed the first testing of their CcH2 storage system on-board a vehicle as part of their participation in the Breakthrough Energy Fellows program. This demonstration marks the next milestone in Verne’s journey to commercialize their technology and decarbonize heavy-duty transportation.

To learn more about Verne’s efforts to decarbonize heavy-duty transportation, please visit www.verneh2.com.

About Verne

Verne was founded in 2020 to develop high-density hydrogen storage solutions required to decarbonize heavy-duty transportation. Verne’s platform unlocks zero-emission operations in sectors including trucking, off-road, aviation, and hydrogen distribution. Verne is financially supported by leading commercial entities, including Trucks Venture Capital, Amazon’s Climate Pledge Fund, United Airlines Ventures Sustainable Flight Fund, Caterpillar VC, Collaborative Fund and Newlab. Verne is also supported by Breakthrough Energy Fellows, the Department of Energy’s ARPA-E, Alberta Innovates and other agencies. For more information, visit www.verneh2.com.

Company contact: contact@verneh2.com

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Trucks Venture Capital, Collaborative Fund, Amazon’s Climate Pledge Fund, United Airlines Ventures Sustainable Flight Fund, Newlab and other strategic investors back Verne’s cryo-compressed hydrogen storage technology

San Francisco, CA, April 18, 2024 - Verne, a leading developer of high-density hydrogen storage systems, today announced a strategic fundraise led by Trucks Venture Capital, with participation from existing investors Collaborative Fund and Amazon’s Climate Pledge Fund, and new investors United Airlines Ventures Sustainable Flight Fund and Newlab. The new funding will enable Verne to accelerate development of their cryo-compressed hydrogen (CcH2) technology for on-board hydrogen storage for heavy-duty vehicles. The investment brings Verne’s total funding to $15.5M including grant funding.

Read the full press release
Read the Forbes article

Verne was highlited in a recent Time article "The Challenge of Decarbonizing Long-Haul Trucking":

While there are a handful of hydrogen-powered cars, there currently aren’t any hydrogen-powered trucks. But San Francisco-based startup Verne, is one company trying to change that. It says its technology doubles the density of conventional hydrogen in each tank, thereby increasing the energy available and allowing trucks to travel farther. “Our goal is to make sure trucks can make sure they maintain diesel parity [with] a full range and a full payload and the same refueling time,” says Ted McKlveen, Verne’s co-founder, and chief executive.

Ultimately, it might not be an either-or situation. McKlveen thinks there’s room for electric-powered trucks and hydrogen-fueled ones to coexist. Electric might be the better choice for short trips, while hydrogen could power vehicles that travel cross country.

Read the full article: https://time.com/collection/time-co2-futures/6766439/electric-long-haul-trucking/

Verne joined the Center for Transportation and the Environment (CTE). CTE is a nonprofit organization that develops, promotes, and implements advanced transportation technologies, vehicles, and fuels that reduce environmental pollution and fossil fuel dependency. Verne and CTE will continue working together to accelerate the adoption of zero-emission heavy-duty transportation!

Verne was named among the recipients of commercialization support from the U.S. Department of Energy Office of Technology Transitions' voucher program. The voucher program provides support to accelerate market adoption of clean energy technologies.

Verne's award will support development of at-scale manufacturing for cryo-compressed hydrogen systems.
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"It takes a breadth of tools and expertise to bring an innovative technology from research and development to deployment. The Voucher Program will pair 111 clean energy solutions with the support they need from expert voucher providers to help usher new technologies to market” said DOE Chief Commercialization Officer and Director of the DOE Office of Technology Transitions, Dr. Vanessa Chan.

Verne has been selected as a Top Innovator in Sustainable Aviation by the Uplink World Economic Forum! Verne’s cryo-compressed hydrogen technology helps hydrogen aircraft extend range and reduce fuel costs. We're thrilled to work alongside the 15 other Top Innovators and the challenge partners to bring innovative decarbonization solutions to the aviation industry.

Read more about the Uplink Sustainable Aviation program here: https://uplink.weforum.org/uplink/s/uplink-issue/a002o0000174PRGAA2/sustainable-aviation-challenge