- Newlight has developed a hydrogen injection system for cargo ships that claims to reduce fuel use and emissions by more than 20% and can save some vessels up to $500,000 annually, with installation possible in under two weeks without dry docking.
- Newlight’s system completed a commercial voyage from Singapore to Ghana, an 8,500-nautical-mile trip on a 650-foot Lomar Shipping bulk carrier, with reported fuel consumption reduction of 24% and CO2 emissions reduction of 28%.
- Newlight has raised a $9 million seed round, with participation from lomarlabs, BIRD Energy, Undeterred Capital, CiRi Ventures, and Fusion VC.
- Newlight has signed agreements to install its hydrogen injection system on 12 vessels across multiple companies, with broader fleet rollouts planned for next year.
Reported figures are company claims and may lack independent third-party verification, so actual results could vary in real-world operations.