Published by Todd Bush on February 21, 2024
HOUSTON, Feb. 21, 2024 /PRNewswire/ -- Syzygy Plasmonics announced today that it has reached a strategic investment agreement with Zeon Corporation (Zeon) through its venture capital arm Zeon Ventures Inc. Zeon first collaborated with Syzygy on a research and development project in 2023. Based on early progress and the long-term potential of Syzygy's technology, Zeon elected to sign on as a strategic investor and aims to expand the partnership to encompass a variety of chemical applications.
Rigel™ reactor cells are designed to be combined in cell stacks to accommodate industrial chemical production requirements.
>> In Other News: Hawaiian Electric Company Announces Ameresco Award to Develop the 'Ūkiu Energy 40MW Renewable Energy Site
Zeon is collaborating with Syzygy to develop new methods for manufacturing the materials Zeon uses in its products with the goal of accelerating the transition to a sustainable society. Zeon also plans to leverage various assets of the Zeon Group to help Syzygy achieve continued growth. This investment aims to accelerate Syzygy's commercialization efforts and continue its development of innovative alternative technologies.
"This partnership demonstrates Zeon's dedication to reducing emissions and progressing toward affordable sustainability," said Syzygy Chief Executive Officer Trevor Best. "Our all-electric, combustion-free chemical reactor cells are performing well and are ready for order. We look forward to working with Zeon to maximize impact and accelerate the adoption of this first-of-its-kind technology."
Syzygy began producing hydrogen with its Rigel™ ammonia e-cracking reactor cells late in 2023. After surpassing initial performance targets, cells are now available for order in configurations capable of producing 5 tons of hydrogen per day. Growth targets include reaching industrial-scale production of 100 tons of hydrogen per day or more by late 2026.
Syzygy's rector cells are modular and are designed to be used across multiple reactions. In addition to e-cracking ammonia for hydrogen, the cells can also reform carbon dioxide into low-carbon fuel feedstocks.
Syzygy Plasmonics is a deep-decarbonization company. It builds reactors that use light instead of combustion to electrify chemical manufacturing and power a cleaner, safer world. With reactor cells now ready to ship, Syzygy is commercializing a universal photocatalytic platform. When powered with renewable electricity, this tunable technology is designed to reduce both cost and emissions from many different chemical reactions. Starting with solutions designed to consume greenhouse gases and produce low- and zero-emissions hydrogen, the company's mission is to create a world where chemicals, fuels, and fertilizer are low cost, carbon neutral, and accessible to everyone. For more information visit plasmonics.tech.
Zeon is committed to contributing to a sustainable society and providing indispensable products and services by investing in and nurturing startups in four key areas (healthcare and life sciences; connected, autonomous, shared and electric services and mobility as a service; 5G/6G telecommunications; and energy conservation) and by ultimately working toward a safe, comfortable, sustainable Earth. For more information visit https://www.zeon.ventures/.
SOURCE Syzygy Plasmonics
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
New CTO Helin Cox to Propel Climeworks’ Carbon Removal Tech to the Next Level
Zürich April 1st, 2025 – Helin Cox, an experienced engineer with a track record of successfully scaling critical climate technologies, joins Climeworks as Chief Technology Officer, effective immedi...
New Technology Leverages Renewable Energy Solutions and Advances Conagra's Climate Change Goals CHICAGO, April 1, 2025 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) and Bloom Energy (NYSE: BE),...
Vitry-le-François, France – April 2, 2025, 08:00 am (CET) – Haffner Energy (ISIN: FR0014007ND6 – Ticker: ALHAF) (the "Company") announces the success of its €6,995,496M cash Capital Increase with p...
The Texas Railroad Commission permits provide for 12 salt caverns capable of storing natural gas, hydrogen, natural gas liquids and other products at TRU Hub, which is located in Southeast Texas in...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.