Cleantech startup Terragia Biofuel announced it has raised $6 million in a seed financing round, with proceeds expected to support the company's growth and commercialization of its biologically-based approach to converting biomass into ethanol and other products. It is planned to be used for
Founded in 2022, New Hampshire-based Terragia develops technology that enables sustainable fuel production from cellulosic biomass. The company's solution uses thermophilic microorganisms to convert biomass into ethanol, replacing traditional processes that use enzyme addition and thermochemical pretreatment, eliminating the high costs of traditional cellulosic biofuel production. Avoid important factors. This technology produces fuel for transportation modes that are difficult to electrify, such as aviation, shipping, and long-haul trucking.
Terragia also announced the appointment of co-founder Lee Lind, chairman of the board of directors Bill Brady, and vice president of technology development Chris Herring, who have moved to chief technology officer position, as well as Kristin Brief as chief executive officer. It was also announced that he had been appointed.
Mr. Brief previously served as a Business Fellow at Breakthrough Energy and, before that, as Co-Founder and Chief Operating Officer of Virex Health.
Brief said:
“I am honored to lead Terragia as CEO. I have spent the majority of my 20-year career driving early-stage clean energy startups, and I am proud of Terragia’s technology, team, and commercialization efforts. Our path is unique. We have a unique opportunity to not only generate significant returns for biofuel producers, but also to have a transformative impact on climate change.”
This funding round was led by Engine Ventures and Energy Impact Partners.
said Katie Rae, CEO and Managing Partner of Engine Ventures.
“Thelasia has an exciting opportunity for success where other companies in the cellulosic biofuels industry have not. We offer a fundamentally different approach to reducing
In partnership with Dartmouth College and the University of Campinas, development of Terragia's technology is also supported by funding from the Department of Energy's Bioenergy Innovation Center and São Paulo Research Foundation, as well as grants from the U.S. Department of Agriculture and the National Science Foundation . . The company said its technology is expected to displace 3 gigatonnes of CO2 emissions annually.
Martin Keller, director of the National Renewable Energy Laboratory, said:
“Cellulosic biofuels are a path to low-carbon fuels for aviation and other hard-to-electrify transportation, and for removing CO2 from the atmosphere, both of which are important for climate stabilization. One-step biological conversion of cellulosic biomass without thermochemical pretreatment has clear cost-saving potential compared to other process concepts.”
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