Increasing the cost-effectiveness and efficiency of renewable fuel

It is easy to replace petroleum-based power sources with the modular system Springwise's first article was Improving the cost-effectiveness and efficiency of renewable fuel.

Spotted: The industry's greatest challenges are the volatility of renewable energy sources and the variable costs associated with sustainable power. Cross-industry collaborations are key to making world-changing improvements in the global supply of electricity and power. Startup refuel. green's goal to bring e-fuel prices down to EUR1 per litre is a significant milestone in improving affordability of green power.

NextGen-PtX Reactor units from Refuel. green create carbon-neutral and renewable efuels on a sufficient scale to replace oil and natural gas in industrial production. The modular system converts carbon dioxide and hydrogen into usable products. It is specifically designed to be integrated into existing power supplies. The refuel. green group makes the process more accessible at moderate pressures and temperatures. This reduces the need to invest in additional equipment and reduces emissions.

Importantly, the reactors can help stabilize the often unpredictable supply of renewable energy.

Refuel. green sets up the system to produce the required power output. The company plans to have a prototype installed in a European refinery by 2023.

The company has closed a pre-seed round in financing of EUR1.2 million that will be used for increasing production outputs and system efficiency. It plans to begin series production in 2025.

We will be able to reach our goal of net zero by 2050 if we increase our reliance on renewable energy. This will also help us keep prices stable. According to the World Bank, almost 90 million people in Africa or Asia who used electricity are now unable to afford it. The energy crisis is only increasing and prices are rising rapidly. Companies like refuel. green, which have clear accessibility goals for renewable electricity, will be critical in the transition to decarbonisation.

We will be able to reach our goal of net zero by 2050 if we increase our reliance on renewable energy. This will also help us keep prices stable. According to the World Bank, almost 90 million people in Africa or Asia who used electricity are now unable to afford it. The energy crisis is only increasing and prices are rising rapidly. Companies like refuel. green, which have clear accessibility goals for renewable electricity, will be critical in the transition to decarbonisation.