Brimstone Energy Announces Funding to Accelerate Development of First-ever Zero Carbon Portland Cement | National company
OAKLAND, Calif .– (BUSINESS WIRE) – November 16, 2021–
Brimstone Energy has secured financing co-led by DCVC and Revolutionary Energy Companies (BEV) to develop zero-carbon Portland cement. In addition to the $ 5.1 million funding, the company also received $ 2 million in grants from ARPA-E, the National Science Foundation and others.
Cement is used all over the world as a basic ingredient in concrete, mortar, and other building materials, and has two key components, Portland cement and Supplementary Cementitious Material (SCM). Today, Portland cement is made by heating limestone and clay or other materials in kilns, a process responsible for around 8% of global CO 2 emissions (5.5% of global CO 2 emissions). greenhouse gases), about as much as cars. SCM is produced as a by-product of the combustion of coal in power plants and steel plants, and becomes increasingly expensive as global energy production relies less on coal.
Cody Finke, co-founder and CEO of Brimstone, commented: “The cement industry currently depends on coal-fired power plants and blast furnaces. This addiction worked in the coal-dominated past, but the world is rapidly moving away from coal. In our modern energy system, the process developed by Brimstone is more economically appropriate and sustainable. “
In order for the world to achieve zero net CO 2 emissions and also meet the demands of the buildings of tomorrow, cement production must be carbon-free. Brimstone’s technology produces ordinary Portland cement, identical in all respects to cement produced in a conventional manner, but without the release of CO2. The new Brimstone process also produces SCM, identical in all respects to conventional SCM, without burning coal. On a large scale, Brimstone’s breakthrough will manufacture cement at or below market price, solving both emissions and raw material shortage issues, without increasing costs or risks to customers.
Kelly Chen, Partner at DCVC, added, “This is not about carbon capture or an alternative to cement. Brimstone technology does not change the chemistry of Portland cement. It is a clean process with no CO 2 by-product that also produces SCM without burning any coal. Our investment in Brimstone exemplifies DCVC’s work of over a decade supporting brilliant entrepreneurs solving multi-billion dollar problems at the forefront of climate resilience.
“Cement production is a major contributor to global carbon emissions, and we are working to address this by investing in innovative companies like Brimstone,” said Carmichael Roberts of Breakthrough Energy Ventures. “Brimstone has a vision to reduce the costs, complexity and emissions associated with this critical material. “
The new funding will support product development and hiring. Brimstone’s products will solve two key problems for cement producers:
- Liability reduction: CO 2 emissions are increasingly a handicap for cement plants as more governments pass laws like California’s Law SB 596, requiring the cement industry to reduce its emissions by 100 % by 2045.
- Solve Supply Chain Problems and Reduce Costs: Brimstone’s co-production of Portland cement and SCM will end the complex and costly logistical headache associated with sourcing additional cement materials for the coal industry.
Hugo Leandri, co-founder and CTO of Brimstone, said: “Great industrial processes only change every hundred years or so, and they are always moving towards simplifying the market. With over a century of major innovation in cement, it’s time for a change.
Brimstone engages with cement companies, architects, structural engineering companies and concrete companies as part of their First Builders initiative, which seeks to build a coalition of industry players and users. early, which will benefit from early access as Brimstone begins to develop. If you are a business or interested business, email [email protected] to participate.
About Brimstone Energy
Brimstone Energy uses proprietary technology to produce carbon neutral Portland cement and additional cementitious materials. While at Caltech, co-founders Cody Finke and Hugo Leandri conceived the vision to decarbonize cement production by inventing better technology to work within the existing cement industry. Brimstone is backed by top investors including DCVC, Breakthrough Energy Ventures and the Collaborative Fund. To find out more, follow Brimstone on Twitter and LinkedIn at @ SulfurEnergy, visit the site: www.brimstone.energy, or contact directly: [email protected]
DCVC supports entrepreneurs who solve trillion dollar problems to multiply the benefits of capitalism for all while reducing its costs. For more than twenty years, DCVC and its leaders have supported brilliant entrepreneurs applying Deep Tech, from the start and beyond, to pragmatically and cost-effectively tackle previously intractable problems in nearly every industry, especially those who haven’t seen significant technological advancements in decades. Together, we’ve created tens of billions of dollars in value while making the world a much better place. Visit dcvc.com to learn more.
About Breakthrough Energy Ventures
Backed by many global business leaders, Breakthrough Energy Ventures (BEV) invests in leading companies that will lead the world to net zero emissions. BEV has over $ 2 billion in committed capital to support bold entrepreneurs who build businesses that can dramatically reduce emissions from agriculture, buildings, electricity, manufacturing and transportation. BEV’s strategy links government-funded research and patient, risk-tolerant capital to bring transformative innovations to clean energy to market as quickly as possible.
The first fund was established in 2016 as part of the Breakthrough Energy network of initiatives and entities, which includes investment funds, nonprofit and philanthropic programs, and policy efforts linked by a common commitment to scale up the technologies needed to tackle climate change and achieve a path to net zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.
View source version on businesswire.com:https://www.businesswire.com/news/home/20211116005372/en/
CONTACT: Cody Finke
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER ENERGY ALTERNATIVE ENERGY ENERGY OTHER CONSTRUCTION & REAL ESTATE RESIDENTIAL & REAL ESTATE BUILDING COMMERCIAL & REAL ESTATE OTHER MANUFACTURING CONSTRUCTION & REAL ESTATE ENVIRONMENT URBAN DEVELOPMENT CONSTRUCTION SYSTEMS MANUFACTURING LANDSCAPE
SOURCE: Sulfur energy
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PUB: 11/16/2021 10 a.m. / DISC: 11/16/2021 10:01 a.m.