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ULEMCo
Hydrogen dual-fuel conversion technology for commercial vehicles
About ULEMCo
ULEMCo, founded in 2014 by Amanda Lyne and Paul Turner, is a UK-based company specializing in hydrogen energy solutions for transport. It originated as a spin-out from Revolve Technologies to commercialize hydrogen combustion engine technology. The company's core business involves converting diesel-powered commercial and specialist vehicles—such as refuse trucks, road sweepers, and HGVs—to run on a combination of hydrogen and diesel.
The primary product is a hydrogen dual-fuel system known as H2ICED®, which mixes hydrogen with diesel in the existing engine. This technology displaces 30-70% of diesel consumption with zero-carbon hydrogen, leading to significant reductions in CO2 emissions while maintaining the vehicle's original performance and range. A key benefit of this approach is its cost-effectiveness compared to purchasing entirely new vehicles, as it retrofits existing fleet assets. The dual-fuel system also mitigates range anxiety since vehicles can operate solely on diesel if hydrogen is unavailable.
The business model focuses on direct sales of conversions and providing kits to authorized local partners. ULEMCo also offers consultancy services to assist clients in their transition to hydrogen, including solutions for back-to-base refueling infrastructure. The company targets commercial fleet operators and public sector clients, enabling them to meet emission reduction targets without disrupting operations. ULEMCo is also developing zero-emission solutions, including 100% hydrogen combustion engines and fuel cell integrations.
Co-founder and Managing Director Amanda Lyne has over two decades of experience in the hydrogen and fuel cell sector, including founding a fuel cell company, ACAL Energy, prior to ULEMCo. Her career has consistently been linked to the hydrogen economy, and she serves as Chair of the UK Hydrogen and Fuel Cell Association. The company has secured significant funding, including a Series A round in May 2024, to expand its operations and product development.
Source: Dealroom company dataAt a glance
- Founded
- 2014
- Headquarters
- Liverpool, United Kingdom
- Sector
- Transportation
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
The North West Fund
Equity Gap
Scottish Enterprise Growth Investments
Advanced Propulsion Centre UK
UK Research and Innovation
Series A2 investors entered at this stage
Mercia Asset Management
Northern Powerhouse Investment Fund
Source: Dealroom Talent Intelligence.
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