Nine start-ups selected for new initiative in Louisiana
They are part of two U.S. Department of Energy (DOE)-funded programs focused on commercializing carbon management and clean hydrogen technologies.
Newlab has partnered with Greater New Orleans Inc., along with strategic regional and industry stakeholders including Shell, Battelle, Carbonvert, and Louisiana State University, to launch two U.S. Department of Energy (DOE)-funded programs focused on commercializing carbon management and clean hydrogen technologies.
By creating a strong coalition of government, industry, and start-up players, these programs will also lay the groundwork for Newlab to expand into the Gulf South Region.
The Newlab applied innovation programs in Louisiana are being launched through DOE funding opportunities that Newlab was awarded to help carbon management and clean hydrogen start-ups accelerate and de-risk their commercialization efforts.
“We’re not going to solve climate change with one breakthrough technology. It’s going to take hundreds of founders with amazing ideas to create the sea change we need,” said Cam Lawrence, Chief Executive Officer of Newlab. “Greater New Orleans Inc. shares that vision, and I can’t think of a better place than the State of Louisiana for our work supporting start-ups developing industrial decarbonization and carbon management technologies.”
Under the “Energy Program for Innovation Clusters” (EPIC) program, participating start-ups will receive valuable assistance by developing first-of-a-kind pilot project concepts with regional partners in south Louisiana. Through this work, founders will have facilitated access to technical and commercial insights, regional government and industry partners, and relevant subject matter experts to enable more efficient in-field pilot development and scale-up in Louisiana.
The nine start-ups selected for the program are:
- Airhive: Direct air capture through fluidisation;
- Arculus Solutions: Natural gas transmission retrofitting for hydrogen;
- Banyu Carbon: Seawater carbon removal;
- Encore CO2: Carbon utilization;
- Mantel Capture: Carbon capture using molten borate technology;
- Molten Industries: Carbon-negative hydrogen and graphite;
- Parallel Carbon: Direct air carbon capture and clean hydrogen;
- RepAir Carbon: Gigaton-scale carbon removal; and
- Vaulted: Biomass carbon removal and storage.
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