The US Department of Energy has awarded a Phase I Small Business Innovation Research (SBIR) grant to RenewCO₂ to develop novel electrolyzers for the electrochemical conversion of carbon dioxide into mono-ethylene glycol (MEG) . The proprietary process has the potential of mitigating climate change by providing a cost-competitive pathway to produce a bulk chemical from CO2 waste streams of power plants, bio-refineries, and several other chemical industries.
The company is a spin-out from the Department of Chemistry & Chemical Biology at Rutgers University. The proprietary technology on which this project is based originated in Professor Charles Dismukes’ laboratory. The grant focuses on advancing critical milestones for operating of CO2 electrolyzers at industrially relevant conditions.
The founders completed Cohort 2 of the NSF-Funded I-Corps@Rutgers program. The program focuses on customer discovery through in-person interviews and is based on Steve Blank’s Lean LaunchPad methodology. The founders also recently won Phase 1 of the NASA CO2 Conversion challenge.