ClearFlame Engine Technologies Secures $ 17 Million to Decarbonize Long-Haul Trucking and Other Diesel-Powered Industries

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The company’s unique engine technology makes it easy to integrate low-carbon renewable fuels such as ethanol into existing diesel engine platforms, providing a low-emission, lower-cost solution than fuel. diesel. A ClearFlame compatible engine meets the performance and efficiency requirements of diesel engines while dramatically reducing greenhouse gas and particulate emissions, helping to improve air quality and mitigate climate change.

“Our technology will enable the rapid decarbonization of diesel-dominated sectors, and this funding advances our path to commercialization with demonstration trucks on the road by the end of this year, alongside deployments of farm equipment and groups. generators in 2022, “said BJ. Johnson, CEO and co-founder of ClearFlame. “Our investors share a common mission to support solutions that lead to rapid mitigation of carbon emissions, and ClearFlame’s technology achieves this through a platform that can be deployed globally this decade.”

“While we are excited about greater adoption of electric vehicles and hydrogen mobility, we need different types of innovation to address hard-to-decarbonize industries,” said Carmichael Roberts, Breakthrough Energy Ventures. “ClearFlame’s engine modification technology makes it easy and economical to move away from fossil fuels, while retaining the efficiency and durability of the diesel engine – it’s a win-win.”

“As one of the largest commodity traders in the world, Mercuria was one of the first to adopt environmental products, including ethanol, in its business portfolio. The refining of biofuels allows Mercuria to directly manage the risk of quality, supply and price. Mercuria’s strategic investment in ClearFlame technology complements its continued commitment to biofuels as part of the energy transition ”, said Boris Bystrov, Mercury. “We are confident that ClearFlame is well positioned to make heavy industry decarbonization profitable by using existing liquid refueling infrastructure as a catalyst, which can accelerate market adoption. ”

Previously, ClearFlame received $ 4 million in non-dilutive financing and subsidized by the Iowa, Minnesota, Kansas and the Illinois corn growers associations, the National Science Foundation, the Department of Energy and others. The company has completed its $ 3 million Series Seed funding in early 2020, led by Clean Energy Ventures.

About ClearFlame Engine Technologies
TO ClearFlame Engine Technologies, we are breaking the link between diesel engine and diesel fuel, accelerating the path to real emissions reduction for the heavy-duty and off-road markets. Our technology meets global sustainability goals by using carbon-free liquid fuels available worldwide. Our technology reduces costs by removing the need for complex aftertreatment technologies without compromising the convenience or performance of traditional diesel engines. For more information visit www.clearflame.com, and follow us on LinkedIn and Twitter (@ClearFlameEng).

SOURCE ClearFlame Engine Technologies

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http://www.clearflame.com


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