First Mode’s core technology centers on large-scale lithium titanate oxide-based battery systems designed for ultra-class mining haul trucks and heavy industrial applications, prioritized for power performance and safety. Their hybrid powerplant systems integrate advanced battery technology with hydrogen fuel cells to maximize energy recovery through regenerative braking and deliver high power output during ascent. Manufacturing capabilities include high-speed liquid hydrogen refueling systems and ruggedized battery management systems optimized for extreme industrial environments.
Path to Zero powertrain conversion kits for mining trucks offering HEV, BEV, and FCEV configurations; large-scale lithium titanate oxide-based battery packs; hybrid powerplant systems combining battery and hydrogen fuel cell modules; high-speed liquid hydrogen refueling systems; industrial-grade battery management systems.
In 2024, First Mode opened a CleanTech Manufacturing Facility in Seattle’s SoDo District to produce powertrain conversion kits. Its Path to Zero product line was recognized by Fast Company as a World Changing Idea in 2024. The company filed for Chapter 11 bankruptcy in December 2024 following Anglo American’s funding halt and is exploring strategic alternatives while maintaining operations.
Anglo American holds an 81.4% stake following a $200M equity injection in 2022 as part of a $1.5B deal. Initially, the founding team of 11 ex-Planetary Resources employees owned the company. In 2024, First Mode entered a strategic alliance with Mitsui & Co., Ltd.
