BORDENTOWN – Princeton NuEnergy received $ 75,000 from the New Jersey Commission on Science, Innovation and Technology (CSIT, for their, for their, for their fruits, for their fruits, through the Clean Technology Seed Grant Program.
The program, funded by the New Jersey Board of Public Utilities (NJBPU), is designed to help accelerate the development and innovation of clean technologies within the New Jersey economy.
Princeton NuEnergy’s mission is to create new solutions in renewable energy, alternative fuels and environmental protection by generating new processes and materials and to lead the industry in lithium-ion battery recycling and diagnostics, as mentioned on their site. Web.
CSIT awarded a total of $ 748,000 in seed grant funds 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 into commercialization and into the hands of consumers within the global cleantech market,” said the Executive Director. from CSIT, Gunjan Doshi.
According to the CSIT, 70 percent of the awardees were businesses located in a census tract eligible for the Opportunity Zone, minority- or women-owned businesses, and / or businesses with technology.
“Startups within our innovation economy play a key role in creating clean technologies that will allow us to achieve the Governor’s goal of 100 percent clean energy by 2050,” said NJBPU President Joseph L. Fiordaliso.
Below is a full list of startups that were 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-fueled Pichia platform designed to scale up and reduce biofabrication costs. ($ 73,000)
Eion NJ Corporation, located in Princeton, is developing a specialized 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 powered brine separation technology for use in the 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 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 into plastic precursors and other value-added chemicals conventionally sourced from fossil fuels. ($ 75,000)
SunRay Scientific, LLC., Located in Eatontown, is marketing 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 power and heating solutions for governments, utilities, corporations, industry, and communities / microgrids. ($ 75,000)
