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Blaze Energy raised USD 6.5 million in a Seed round for low-carbon maritime shipping engine retrofits. Hax portfolio company develops fuel-flexible combustion technology designed to let existing ship engines run on multiple fuels.
Blaze Energy closed a $6.5 million seed financing round led by Propeller Ventures and Catalyzer Ventures. The funding will accelerate the commercial deployment of its Flex-Fuel Reformer System, enabling existing maritime engines to run on multiple fuels, through a pilot aboard a Lomar Shipping vessel.