Hy-Drive Secures C$2.3M to Support Commercialization of On-Board Electrolyzer

Hy-Drive Technologies, makers of a compact, on-board, on-demand electrolyzer that produces hydrogen for mixture with conventional hydrocarbon fuel (gasoline, diesel or propane), has secured C$2.3 million (US$2.0 million) in investment to fund its working capital and equipment requirements as it nears commercialization of its new generation G2 unit.

The addition of small amounts of hydrogen into the primary fuel charge improves the ignitability of the mixture, and increases flame speed and combustion stability. Results include more complete combustion, offering improved fuel economy and fewer emissions.

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