Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Sierra Energy Closes on $33Mn for FastOx Technology (Funding)
Sierra Energy
Date: 2019-08-02
Davis, California-based Sierra Energy Corp.reports it has closed a $33 million series A investment round led by Breakthrough Energy Ventures and joined by Cox Investment Holdings Inc., BNP Paribas SA, and others. The funding will be used to develop and commercialize the company's FastOx gasification technology, which converts virtually any waste into clean, renewable energy and fuels without burning.

Sierra Energy's FastOx technology, developed by Sierra Energy and supported by grant funding from the U.S. Department of Defense and the California Energy Commission, uses oxygen and steam to heat waste to 4,000 degrees F at which it breaks down into an energy-dense syngas allowing the recovery of inorganic material as either a non-leaching stone or molten metal, according to the company. Sierra Energy's modular FastOx technology can be scaled to large size, does not produce process emissions and all outputs are saleable, according to the company. (Source: Sierra Energy Corp. , 31 July, 2019) Contact: Sierra Energy Corp., Mike Hart, CEO, (530) 759-9827www.sierraenergy.com

More Low-Carbon Energy News Sierra Energy,  Syngas,  

Showing 1 to 1 of 1.