Joule is Named in the 2015 Global Cleantech 100 for its Innovative Liquid Fuels
By Business Wire News
By Business Wire News
Joule, the pioneer of liquid fuels from recycled CO2, today announced it was named to the prestigious 2015 Global Cleantech 100 produced by Cleantech Group, whose mission is to connect corporates to sustainable innovation through its i3 Connect platform and global events.
The Global Cleantech 100 represents the most innovative and promising ideas in clean technology. Featuring companies that are best positioned to solve tomorrow’s cleantech challenges, the Global Cleantech 100 is a comprehensive list of private companies with the highest potential to make the most significant market impact.
Joule has developed groundbreaking pathways for large scale fuel production directly or indirectly from any CO2 stream. In 2015, Joule produced fuels from its groundbreaking Helioculture™ technology at ever increasing productivity levels at the end-to-end demonstration facility in Hobbs, New Mexico, and achieved record-breaking productivity levels for both ethanol and diesel products in its lab facilities in Bedford, Mass. Additionally, Joule acquired Red Rock Biofuels in a deal that finalized in early 2016 to accelerate the commercialization of ultra-low carbon fuels, adding a near-term commercial capability to produce drop-in, renewable diesel and jet fuel.
“It is a great honor and validation of Joule’s ultra-low carbon fuel technologies to be recognized in the Global Cleantech 100 among other innovative cleantech companies,” said Brian Baynes, CEO of Joule. “As record-breaking global temperatures in 2015 show that the world urgently needs to increase its focus on mitigating climate change, the Joule team remains focused on commercializing low-carbon fuels to ensure security of sustainable fuel supply and to help decarbonize the transportation sector globally.”
The Global Cleantech 100 list is collated by combining proprietary Cleantech Group research data with weighted qualitative judgments of hundreds of nominations, and specific inputs from a global 100-person expert panel. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.
This year, a record number of nominations were received: 6,900 distinct companies from 60 countries. These companies were weighted and scored to create a short list of 323 companies. Short-listed nominees were reviewed by Cleantech Group’s Expert Panel, resulting in a finalized list of 100 companies from 17 countries.
The 100-member expert panel was drawn equally from leading financial investors and representatives of multi-national corporations and industrials active in technology and innovation scouting across Asia, Europe, and North America. The composition of the expert panel broadly represents the global cleantech community, from pioneers and leaders to veterans and new entrants. The diversity of panelists results in a list of companies that command an expansive base of respect and support from many important players within the global cleantech innovation ecosystem.
“The Global Cleantech 100 provides us with insight into the collective opinion of key market players on which megatrends and innovation companies are most likely to have a significant impact in the next 5-10 years,” said Michele Parad, senior manager at Cleantech Group and lead author of the Global Cleantech 100 Report. “Now in its seventh year, the Global Cleantech 100 program reveals which themes are staying relevant and which sectors are taking center stage.”
- The complete list of 100 companies was revealed on January 25th at Cleantech Forum San Francisco: http://events.cleantech.com/cleantech-forum-sf/
- For a complete list of the Global Cleantech 100 Awards and past winners: http://www.cleantech.com/indexes/global-cleantech-100/awards/
About Cleantech Group
Founded in 2002, Cleantech Group’s mission is to accelerate sustainable innovation. Core to this mission is i3, an online platform that connects corporates with innovation, at scale, by allowing them to find, vet, and connect with start-ups—efficiently building an innovation pipeline. The i3 platform comes to life at our global Events, which convene corporates and start-ups, along with other players shaping the future of sustainable innovation.
Cleantech Group is headquartered in San Francisco and offices in London. For more information, visit: www.cleantech.com.
Joule develops technology platforms for the production of sustainable, drop in, low carbon transportation fuels. The company pioneered a direct CO2-to-fuel production platform, effectively reversing combustion through the use of solar energy. This platform applies engineered catalysts to continuously convert waste CO2 directly into renewable fuels such as ethanol or hydrocarbons for diesel, jet fuel, and gasoline. Flexible to utilize a variety of feedstocks, geographies, and climates, Joule’s processes enable unrivaled scalability and volume at optimal cost. Joule is privately held and has raised over $200 million in funding to date, led by Flagship Ventures. The company operates from Bedford, Massachusetts and The Hague, The Netherlands with production operations in Hobbs, New Mexico.
Additional information is available at www.jouleunlimited.com.
Version 2.0 Communications for Joule and Red Rock Biofuels
Libby Botsford, 617-426-2222
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