Princeton NuEnergy Is Awarded $75,000 Through The Clean Tech Seed Grant Program Launched By The New Jersey Commission On Science, Innovation, And Technology (CSIT)
BORDENTOWN--Princeton NuEnergy was awarded $75,000 by the New Jersey Commission on Science, Innovation and Technology (CSIT) through the Clean Tech Seed Grant Program.
The program, funded by the New Jersey Board of Public Utilities (NJBPU), is designed to help accelerate development and innovation of clean technologies within New Jersey’s economy.
Princeton NuEnergy’s mission is to create new solutions in renewable energy, alternative fuels, and environmental protection by generating novel processes and materials and lead the industry in lithium-ion battery recycling and diagnostics, as mentioned on their website.
CSIT awarded a total of $748,000 in seed grant funding to 10 New Jersey startups.
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“Critical funding provided through the Clean Tech Seed Grant Program will help propel the projects created by these 10 startups toward commercialization and into the hands of consumers within the worldwide clean technology marketplace,” CSIT Executive Director Gunjan Doshi said.
According to CSIT, 70 percent of the awardees were businesses located in an Opportunity Zone-eligible census tract, minority- or woman-owned businesses, and/or businesses with technology.
“Startups within our innovation economy play a key part in creating clean technologies that will enable us to reach the Governor’s goal of 100 percent clean energy by 2050,” NJBPU President Joseph L. Fiordaliso said.
Below is a complete list of startups that were each awarded grants:
- Andluca Technologies Inc., located in Princeton, is a spin-out of Princeton University that is developing solar-powered smart glass technology. ($74,969)
- Arbela Laboratories, located in Randolph, is creating a methanol-fed Pichia platform designed to increase the scale and reduce the costs of biomanufacturing. ($73,000)
- Eion NJ Corporation, located in Princeton, is developing a specialty fine-grained mineral material that rapidly captures and stores carbon dioxide when applied to agricultural soils. ($75,000)
- Farm to Flame Energy, located in Kearny, provides scalable, end-to-end electricity generation systems using biomass for communities in underdeveloped countries. ($74,995)
- Green Blu, located in Hamilton, is developing a solar thermal energy-powered brine separation technology for use in desalination, agriculture, and water industries. ($75,000)
- NextGen Battery Technologies, LLC., located in Somerset, is developing a high-voltage, non-flammable solid-state electrolyte for lithium batteries. ($74,939)
- Princeton NuEnergy, located in Bordentown, is developing a battery recycling technology to recycle and reuse used lithium-ion batteries from electric vehicles, portable electronics, and other energy storage devices. ($75,000)
- RenewCO2, LLC., located in Cranford, is developing an electrochemical process that converts carbon dioxide to plastic precursors and other value-added chemicals conventionally sourced from fossil fuels. ($75,000)
- SunRay Scientific, LLC., located in Eatontown, is commercializing an advanced material adhesive for use in electronics and semiconductor packaging. ($75,000)
- WeSolar CSP Inc., located in Princeton, designs and builds scalable and modular Concentrated Solar Power (CSP) plants for energy and heating solutions for government, utilities, corporations, industry and community/micro-grids. ($75,000)
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To learn more about Princeton NuEnergy go to www.pne-old.beaconfireinc.com/ .
Kaity Assaf, a graduate student at New York University studying Multimedia, is an intern for the Burlington County Times, The Daily Journal and Courier-Post. Contact her at [email protected] , or on Twitter @kaitythekite.
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