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<blockquote data-quote="Weather Man" data-source="post: 16503224" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Total to invest in fuel cell truck startup in latest alternative energy bet</strong></span></p><p>Oct. 9, 2020 8:17 AM ET|About: <a href="https://seekingalpha.com/symbol/TOT" target="_blank">TOTAL SE (TOT)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-carl-surran" target="_blank">Carl Surran</a>, SA News Editor </p><p></p><p></p><p>Total (NYSE:<a href="https://seekingalpha.com/symbol/TOT" target="_blank">TOT</a>) says it will <a href="https://seekingalpha.com/pr/18038022-french-broad-energy-company-total-leads-strategic-investment-hyzon-motors" target="_blank">invest in U.S. fuel cell truck startup</a> Hyzon Motors, the latest effort by the French oil company to boost development of cleaner energy sources.</p><p></p><p>The strategic investment by Total's venture capital arm is part of a funding round that also includes Ascent Hydrogen Fund, Hydrogen Capital Partners and Audacy Ventures; the size is not disclosed but totaled more than $15M and <a href="https://www.bnnbloomberg.ca/total-adds-fuel-cell-truck-maker-to-alternative-energy-bets-1.1505858" target="_blank">valued Hyzon at ~$200M</a>, Bloomberg reports.</p><p></p><p>The funding follows other recent alternative-energy investments made by Total, including production of electric vehicle batteries and biofuels; the company has said it expects to <a href="https://seekingalpha.com/news/3618455-total-plans-big-spending-boost-on-renewable-energy-production" target="_blank">increase annual investments in renewable energy and electricity by 50% to $3B/year by 2030</a>.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16503224, member: 137766"] [size=6][b]Total to invest in fuel cell truck startup in latest alternative energy bet[/b][/size] Oct. 9, 2020 8:17 AM ET|About: [URL='https://seekingalpha.com/symbol/TOT']TOTAL SE (TOT)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-carl-surran']Carl Surran[/URL], SA News Editor Total (NYSE:[URL='https://seekingalpha.com/symbol/TOT']TOT[/URL]) says it will [URL='https://seekingalpha.com/pr/18038022-french-broad-energy-company-total-leads-strategic-investment-hyzon-motors']invest in U.S. fuel cell truck startup[/URL] Hyzon Motors, the latest effort by the French oil company to boost development of cleaner energy sources. The strategic investment by Total's venture capital arm is part of a funding round that also includes Ascent Hydrogen Fund, Hydrogen Capital Partners and Audacy Ventures; the size is not disclosed but totaled more than $15M and [URL='https://www.bnnbloomberg.ca/total-adds-fuel-cell-truck-maker-to-alternative-energy-bets-1.1505858']valued Hyzon at ~$200M[/URL], Bloomberg reports. The funding follows other recent alternative-energy investments made by Total, including production of electric vehicle batteries and biofuels; the company has said it expects to [URL='https://seekingalpha.com/news/3618455-total-plans-big-spending-boost-on-renewable-energy-production']increase annual investments in renewable energy and electricity by 50% to $3B/year by 2030[/URL]. [/QUOTE]
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