First Mode brings in $8.5M investment as part of Anglo American mining development deal

Seattle-based First Mode says it’s partnering with the global mining company Anglo American in a multi-year joint development deal that includes an $8.5 million investment in First Mode.

The newly announced deal builds on the engineering company’s previous work on a hydrogen fuel-cell power plant for Anglo American’s monster ore-hauling truck.

Anglo American is one of the world’s largest mining companies, with a portfolio that includes platinum-group metals, copper and iron ore, and diamond mines. Its operations are spread out from South Africa to Western Australia.

Mining isn’t exactly an environmentally friendly industry, but Anglo American is pursuing an initiative called FutureSmart Mining that’s aimed at reducing its environmental footprint. The hydrogen-powered vehicle that First Mode is working on could become one of the largest zero-emissions vehicles on Earth.

Read more here.