Company:First Mode

From HandWiki
Short description: British decarbonization company


First Mode Holdings, Inc.
TypePrivate
IndustryIndustrial Services
FoundedMarch 14, 2018; 5 years ago (2018-03-14) in Seattle, Washington, U.S.
Founder
  • Rhae Adams
  • Spencer Anunsen
  • Colin Bateson
  • Riley Chapin
  • Krunal Desai
  • Brian Geddes
  • Peter Illsley
  • Maggie Scholtz
  • Josh Sweere
  • Chris Voorhees
  • Josh Weiss
Area served
Worldwide
Key people
  • Julian Soles (CEO)
  • Chris Voorhees (Co-founder)
Products
  • Hybrid powerplants
  • Vehicle retrofit kits
  • Liquid hydrogen refueling stations
Number of employees
375 (2023)
Websitefirstmode.com

First Mode is a multinational decarbonization company that designs, manufactures, and distributes alternative fuel and battery engines for heavy duty vehicles, along with hydrogen refueling equipment. The company has operations in Africa, Australia , Europe, North America and South America.

It won Fast Company’s 2023 World Changing Ideas awards for the creation of the world’s largest hybrid powerplant.[1]

History

First Mode was founded on March 14, 2018 in the Seattle, Washington area by 11 former members of asteroid mining company Planetary Resources.[2]

First Mode partnered with mining corporation Anglo American plc in 2019, signing a three-year agreement to develop a diesel alternative for the company’s fleet of mining haul trucks.[3]

On May 6, 2022, First Mode and Anglo American debuted the world’s first and largest hydrogen-powered mine haul truck at the Mogalakwena platinum mine in South Africa with a converted Komatsu 930E Haulpak truck.[4] It successfully completed operational trials in May 2023.[5]

In January 2023, First Mode and Anglo American announced the signing of a $200 million binding agreement to combine First Mode with the Anglo American nuGen team, thereby making Anglo American the majority shareholder.[6] The two companies also signed a supply agreement for First Mode to provide Anglo American with several additional hybrid powerplant retrofit kits for mining haul trucks.[2] These are slated to be demonstrated on Komatsu 930E and 830E platforms in early 2024.[5]

See also

References

External links