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Sora Fuel Raises $6 Million to Produce Low Cost SAF from Water, Air and Renewable Energy – ESG Today
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Sora Fuel Raises $6 Million to Produce Low Cost SAF from Water, Air and Renewable Energy
Susan Lahey
August 6, 2024
Sustainable aviation fuel (SAF) startup Sora Fuel, which relies solely on water, air, and renewable energy for its product, announced that it has raised $6 million in a Seed round. Proceeds will be used to expand Sora’s Boston-based team, develop commercialization partnerships, and further advance the company’s technology.
SAF is considered essential for decarbonization of the hard-to-abate aviation industry, which is responsible for approximately 2.5% of global carbon emissions, although existing SAF production processes are fundamentally constrained, requiring vast amounts of energy, feedstocks, and investment to make a meaningful impact and scale production capacity.
Founded in 2024, Sora produces jet fuel using atmospheric CO2, water and energy, employing a process that combines carbon capture and utilization to dramatically reduce the amount of energy and the cost to produce SAF. The company’s solution produces syngas in a closed loop system that uses a liquid bicarbonate electrolyzer to deliver direct air capture (DAC) CO2 at just $20 per ton, converting it into fuel using only water and renewable energy. Compared to incumbent DAC solutions, Sora said its DAC-to-fuels approach dramatically reduces overall energy inputs, eliminates the need for feedstocks (other than air and water), and provides a scalable process for efficiently and cost effectively producing SAF and any other downstream products of syngas.
Gareth Ross, Co-founder and CEO of Sora Fuel, said:
“Sora Fuel’s technology eliminates 90% of the energy currently required in standard DAC processes, opening up an entirely new and more sustainable path for producing carbon negative fuels. Our patented, closed-loop system enables the direct generation of an economical product and overcomes widespread feedstock constraints, allowing us to produce SAF at prices comparable to current Jet A fuel.”
The Engine Ventures led the round, with Wireframe Ventures and others participating.
Susan Lahey
Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.
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