NuEnergy, spinout of Ju and Koel labs, wins 2022 Tiger Entrepreneurship Award

Oct 10, 2022
Grants & Fundings
NuEnergy, spinout of Ju and Koel labs, wins 2022 Tiger Entrepreneurship Award

Princeton Entrepreneurship Council is pleased to announce the winners of the 2022 Tiger Entrepreneur Award. For the last six years, the Tiger Entrepreneur Award has been given to celebrate the value of entrepreneurship across the Princeton community and to emphasize the University’s commitment to Entrepreneurship the Princeton Way. 

One of the winners is Princeton NuEnergy, a spinout from the Princeton labs of Yiguang Ju, Robert Porter Patterson Professor of Mechanical and Aerospace Engineering and Bruce Koel, Professor of Chemical and Biological Engineering. NuEnergy is developing green technologies to recycle and upcycle cathode materials of lithium ion batteries for electric vehicles and energy storage. The PNE team has raised $7.5 million in government and private funding. They will be opening their new cathode recycling plant with a dedication ceremony in McKinney, Texas on October 25th. 

“Since the creation of PNE in 2019, the core research team members (all from Princeton University) of Chao Yan (Founder), Xiaofang Yang (CTO) and Jerry Xiang (engineer) has led a very successful technology, product, market, and demonstration plant development,” said Ju.

Chao Yan is a postdoctoral researcher at Princeton and Chief Executive Officer and co-founder of Princeton NuEnergy. The team of Ju, Koel, Yan and Xiaofang Yang co-founded Princeton NuEnergy in 2019. Previously, Yan was a Senior Scientist at HiT Nano, another spinout by Prof. Ju. He earned his Ph.D. from New Jersey Institute of Technology. 

Xiaofang Yang is Chief Technology Officer and co-founder of Princeton NuEnergy. He was a Principal Scientist at HiT Nano, and visiting researcher and associate research scholar at Princeton prior to the founding of Princeton NuEnergy. He earned his Ph.D. from Lehigh University.

Jerry Xiang is a Research Engineer and member of the founding team at Princeton NuEnergy. He earned both his undergraduate and master’s degrees in Mechanical and Aerospace Engineering from Princeton. 

Read the full article from the Princeton Entrepreneurship Council.

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