TLDR:
Key Points:
- Terragia Biofuel raises $6 million in seed financing round to advance biofuel production technology.
- New Hampshire-based startup develops biology-based approach to converting biomass into ethanol for difficult-to-electrify transport modes.
Cleantech startup Terragia Biofuel recently announced that it has secured $6 million in funding to further develop its technology for producing sustainable fuels from cellulosic biomass. The company, founded in 2022, aims to create ethanol using thermophilic microorganisms in order to reduce the high costs associated with conventional cellulosic biofuel production. This approach opens up possibilities for producing fuels for modes of transport that are hard to electrify, such as aviation, ocean shipping, and long-haul trucking.
As part of its growth strategy, Terragia appointed Kristin Brief as the new Chief Executive Officer, bringing valuable experience from her previous roles in the clean energy sector. The funding round was led by Engine Ventures and Energy Impact Partners, recognizing the potential of Terragia’s innovative technology in the biofuel industry.
In collaboration with Dartmouth College, the University of Campinas, and various funding agencies, Terragia’s technology is projected to significantly reduce CO2 emissions and provide a cost-effective solution for producing low-carbon fuels. Director of the National Renewable Energy Laboratory Martin Keller praised the one-step biological conversion approach adopted by Terragia, emphasizing its potential for climate stabilization through CO2 removal and sustainable fuel production.
