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Joule (company)

Joule (company)

A biotechnology company that specialized in the renewable energy sector. It was located in Bedford, Massachusetts and is no longer in operation.

About

Joule was a Massachusetts-based company with a focus on utilizing solar energy to convert waste into fuel.Its technology specifically used microorganisms that aided in transforming solar energy and carbon dioxide into liquid fuel.

Product

The company has developed technology to produce the fuel in a system called the SolarConverter, in which all stages of the process take place.The technology consisted of engineered catalysts that changed waste carbon dioxide and sunlight into fuels such as ethanol or hydrocarbons for diesel, jet fuel, and gasoline. The type of fuel that was created was determined by which microorganisms and which transformation process the company chose.

In order to produce ethanol, the process usually requires feedstock, which involves acres of land and water consumption. Joule has created a system that did not required as many resources or land. The resources that the company did need, such as waste carbon dioxide, could be recycled from other sources, such as coal-fired energy plants.

Timeline

May 2015
Joule raises a $40,000,000 private equity from Flagship Pioneering.
August 2013
Joule raises a $50,000,000 series D round.
January 17, 2012
Joule raises a $70,000,000 series C round.
September 2011
Joule raises a $35,000,000 venture round from Rusnano.
April 27, 2010
Joule raises a $30,000,000 series B round.

Funding rounds

People

Name
Role
LinkedIn

Akos Varga

Employee

David Berry

Founder

Erik J. Monostory, MBA

Employee

George Church

Founder

Ian Maddox

Employee

Jeffrey Swana

Employee

Justin Evans

Employee

Kasia Wojcik

Employee

Katelin Tremonte

Employee

Mark Silber

Employee

Micah Merrick

Employee

Noubar Afeyan

Co-Founder

Phillip Salisbury

Employee

Rick Kaplan

Employee

Sebastien damande

Employee

Sharon Feliciano

Employee

Sissi Liu

Employee

Tom Einar Jensen

Employee

Victoria Oldridge

Employee

Further reading

Title
Author
Link
Type
Date

Bedfords Joule Unlimited may change ethanol market

Eileen Kennedy

Web

January 2, 2013

Photosynthesis Fuel Company Gets a Large Investment

Phil McKenna

Web

January 18, 2012

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Joule Community Power
May 25, 2021
www.prnewswire.com:443
/PRNewswire/ -- With their initial community choice electricity supply contract expiring June 30th, nine Hudson Valley Community Power (HVCP) participating...
Joule Community Power
February 17, 2021
www.prnewswire.com:443
/PRNewswire/ -- The Villages of Brockport and Lima entered into a tri-party agreement with Joule and Generate Capital to provide community solar to residents...
Ainslie Cruickshank
July 22, 2020
Scientific American
Scientific American is the essential guide to the most awe-inspiring advances in science and technology, explaining how they change our understanding of the world and shape our lives.
May 5, 2020
WebWire
Eni's business school opens. The call for applications to Joule is up on the website eni.com/joule. The project's aim is to train the entrepreneurs of tomorrow, promoting a culture founded on the values of integration, sustainable growth and development of informed leadership. This project aims to be a trigger for relaunching businesses in Italy and for developing innovative, sustainable start-up companies, at a historic moment that presents huge challenges and profound transformations,...
June 24, 2019
WebWire
Eni launches Joule, a new management school for graduates, managers and young entrepreneurs. The educational initiative aims to share with key players of the future the same goals that Eni has integrated in its strategy in the last years: lowering emissions to keep global temperature growth well below 2°C, enabling energy access, contributing to the local development of countries and their energetic resources through investments, competence and technology, as well as committing to resear...

References

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