First Mode is a multinational decarbonization company established in 2018 by former members of Planetary Resources. Based in Seattle, Washington, the company specializes in developing and manufacturing hybrid battery systems and hydrogen fuel cell technologies for heavy-duty mining and rail vehicles. First Mode’s primary focus lies in creating sustainable solutions that help industries transition away from diesel dependence. With operations spanning across Australia, Europe, North America, and South America, the company has built a strong reputation for delivering effective zero-emission solutions in challenging industrial environments.
Battery Technology
First Mode’s battery technology portfolio centers on large-scale systems designed specifically for ultra-class mining haul trucks and heavy industrial applications. The company utilizes lithium titanate oxide-based cells, selected for their superior power performance and inherent safety characteristics – essential features for demanding mining environments.
Their hybrid powerplant systems combine advanced battery technology with hydrogen fuel cells, creating efficient solutions for heavy-duty vehicles. These systems are engineered to maximize energy recovery through regenerative braking during descent operations while providing substantial power output during ascent phases. The company’s retrofit solutions offer flexible transition options, including hybrid electric vehicle (HEV), battery electric, and hydrogen fuel cell electric vehicle (FCEV) configurations.
First Mode’s manufacturing capabilities include the production of high-speed liquid hydrogen refueling systems, essential for supporting their hydrogen fuel cell vehicles. Their battery management systems are optimized for harsh industrial conditions, ensuring reliable performance in extreme temperatures and challenging operational environments.
Recent Projects
In early 2024, First Mode opened a new CleanTech Manufacturing Facility in Seattle’s SoDo District, focused on producing powertrain conversion kits for mining trucks. The company’s Path to Zero product line received recognition from Fast Company as a World Changing Idea in 2024, demonstrating the effectiveness of their retrofit solutions. However, facing financial challenges, First Mode filed for Chapter 11 bankruptcy in December 2024, following Anglo American’s decision to halt funding. The company continues to explore strategic alternatives while maintaining operations.
Investors
Anglo American stands as First Mode’s primary investor, holding an 81.4% stake following a $200 million equity injection in 2022 as part of a $1.5 billion deal. The company has also established a strategic alliance with Mitsui & Co., Ltd. in 2024, aimed at expanding the adoption of zero-emissions solutions in heavy industries. Initially employee-owned, First Mode’s founding team of 11 former Planetary Resources members contributed to its early development and growth.
Business Details
Location: Seattle, Washington, USA
Website: https://firstmode.com
LinkedIn: https://www.linkedin.com/company/firstmode/
