Joule is pioneering the production of Liquid Fuel from the Sun™
Joule is developing a revolutionary platform for renewable fuel and chemical production that is expected to eclipse the scalability, productivities and cost efficiency of any known alternative to fossil fuel today.
Unlike fuels produced from agricultural or algal biomass, Joule produces fuels directly and continuously from sunlight and waste CO2 in a novel, Gas-to-Liquid conversion process. The company's engineered biocatalysts directly produce and secrete targeted fuels and chemicals, avoiding the need for biomass feedstocks and complex downstream processing.
The entire process takes place in a novel SolarConverter® system, from photon capture to product creation and initial separation, with no requirement for arable land, fresh water or crops. Furthermore, this uniquely modular system can achieve replicable productivity whether installed across 250 or 25,000 acres - demonstrating Joule's capability without the scale-up costs and risks that have hindered biofuels for years.
Joule's highly efficient process, lack of feedstock constraints and readily scalable system will allow the company to deliver unprecedented volumes of renewable fuel at highly competitive costs. Upon full-scale commercialization, the company ultimately targets 25,000 gallons of Joule Sunflow™-E and 15,000 gallons of Joule Sunflow™-D per acre annually, for as little as $1.28/gallon and $50/barrel respectively (excluding subsidies). These products will directly address the global markets for ethanol and diesel fuel without the economic or environmental consequences of their biomass- or fossil-derived counterparts.
Joule has successfully pilot-tested its platform for over two years, commissioned its SunSprings™ Hobbs demonstration plant, and launched a global subsidiary, Joule Fuels, to lay the groundwork for commercial deployment.
Joule is privately held and has raised $160+ million in funding to date. The company was founded within Flagship VentureLabs™, and is headquartered in Bedford, Massachusetts with operations in Hobbs, New Mexico and The Hague, Netherlands.
Flagship VentureLabs is the innovation foundry of Flagship Ventures. VentureLabs has been creating innovative, game changing companies since its founding in 2000. It is the first institution dedicated to entrepreneurial innovation and parallel entrepreneuring, where the acts of technology invention and entrepreneuring are performed in concert by a team of world-class innovators and professional entrepreneurs. The VentureLabs team innovates, invents, iterates, founds and builds startups using a unique, systematic approach that results in the creation of best-in-class new ventures. More than 25 life science and technology startups have been created within VentureLabs, including recently launched Midori Renewables, Moderna Therapeutics, Pronutria and Seres Health.
Joule Partners with Audi to Accelerate Development and Commercialization of Sustainable, Carbon-Neutral Fuels