Firstelement Fuel, The Largest Hydrogen Fueling Network In The World, Closes Series D Round Of $105 Million

FirstElement Fuel Inc., which began as a California start-up with a vision to establish a hydrogen refueling network and has grown to be the world's largest hydrogen retailer, closed a $105 Million Series D funding round. The capital comes in from Air Water, MUFG Bank, Ltd. (MUFG), Nikkiso, and Japan Infrastructure Initiate (JII) as FirstElement Fuel is actively executing on its plan to build out its California Hydrogen Network from 31 True Zero Stations to 80 stations by 2024. At least 12 of the 80 stations will be capable of refueling heavy-duty trucks in addition to light-duty cars.