Throughout the history of mankind, every energy type have always been replaced by something better. After firing with wood for thousands of years, coal took over as the leading energy source, and – thanks to the introduction of steam power – made the industrial revolution possible. The discovery of oil led to a new transportation industry making the world smaller and more accessible.
Fossil fuel cannot last forever, however, and climate change has created an urgent need to find a clean alternative to power today’s infrastructure.
Although wind and solar is growing quickly, they still only represent a fraction of total energy use in the world, since our entire energy infrastructure is based on burning fossil fuels. With more and more countries moving out of poverty, the demand for electricity is growing rapidly. The world can only afford to burn a fraction of its remaining carbon reserves to stay below the 1.5-degree target enacted in the Paris agreement. Therefore, we need a clean alternative to burn.
Our incredible breakthrough is a clean successor to fossil fuel. Mankind, for the first time, has the possibility to produce a clean alternative to fossil fuel that can compete in price and is ready to be used directly in today’s energy infrastructure without hurting economic growth.
This all-natural replacement is made of fast growing grass, so we continue to produce energy that never runs out. Additionally, because we are using marginal and desert-like lands that are typically useless for agriculture, we have many cheap large land prospects available around the world.
Our new fuel source captures more CO2 from the sky when it is growing than what is released when it is burned, so by using it, we are reducing the amount of CO2 in the atmosphere.
We are planning to work with industrial partners to spread our technology to many different industries. Our CO2 negative NextFuel briquette can replace the following fuels:
Today’s coal plants, steel mills and cement factories can directly co-fire with NextFuel without any changes to its infrastructure. They can even replace all of their coal with our fuel and become CO2 negative. For the first time, we have the possibility to replace the world’s entire coal use with an inexpensive clean alternative.
Industries can replace heating oil with NextFuel by only doing a few small adjustments. Since our fuel is far cheaper than oil, they earn back their investment in less than three years and drastically reduce heating bills and pollution.
REPLACE NATURAL GAS
Instead of using natural gas that produces a large amount of CO2 and requires expensive upgrades, the power sector can use our CO2 negative NextFuel briquette.
REPLACE WOOD PELLETS
NextFuel can replace wood and wood pellets, thereby reducing deforestation. Unlike wood pellets our product is water resistant and can be treated similar to coal. Our fuel has higher energy content per tonne, and is therefore cheaper to transport. In addition, our grass grow much quicker than trees and captures much more CO2 per hectare per year, therefore it has the potential to drastically improve the biomass industries’ carbon footprint and economics.
NextFuel can cost-effectively replace charcoal in different industries. People can also use it directly in small portable ovens. This will save forests and lives, especially in developing countries.
TRANSFORM WASTE TO A VALUABLE PRODUCT
Several industries can now make a profit from their unused resources.
Both bagasse (crushed sugar canes) and other plants can be used as raw
material for NextFuel. Surplus products are converted into valuable fuel.
WIND AND SOLAR BACKUP POWER
The renewable energy sector often relies on dirty fossil fuel as backup power when there is no wind and the sun is not shining. With our fuel, they have cheap, clean backup power.
We already have the first small factory in production in Austria, and are in the process of implementing two large scale industrial projects in East-Africa and South America, with possible follow up projects both in Europe, Asia, and several other regions in Africa. In our first African project the target is to replace 250 000 tons of coal with our CO2 negative NextFuel briquette, thereby cutting our client's energy cost in half in one of their cement factories.
Going forward, we will begin exporting and licensing our technology to companies around the world.