LONDON : U.S.-based ClearFlame Engine Technologies has raised $30 million in a funding round led by global energy trader Mercuria and with backing from new investors including miner Rio Tinto, its chief executive told Reuters. ClearFlame, whose technology allows diesel engines to run on more climate-frien
LONDON : U.S.-based ClearFlame Engine Technologies has raised $30 million in a funding round led by global energy trader Mercuria and with backing from new investors including miner Rio Tinto, its chief executive told Reuters.
As the world's biggest automakers race to electrify passenger vehicles, the engines most commonly used by trucking companies, trains, farmers and utilities remain largely powered by diesel, a fossil fuel that also causes heavy air pollution. "Effectively...it's a higher-temperature combustion process It's very easy to integrate into the manufacturing and the maintenance process," which helps keep costs down, said ClearFlame CEO and co-founder BJ Johnson.
"Our carbon impact per mile is actually lower than that of driving an electric vehicle; the fuels we use are cleaner than the electrical grid," Johnson said, making the switch more cost-effective.
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