$750,000

August 6, 2021 | Number of The Day
Seed-grant funding awarded to 10 NJ clean-technology startups

The New Jersey Commission on Science, Innovation and Technology (CSIT) announced Thursday that it has awarded a total of $748,000 in seed-grant funding to 10 New Jersey startups focused on clean technology. The money was awarded through the Clean Tech Seed Grant Program funded by the New Jersey Board of Public Utilities and is intended to accelerate research and development within New Jersey’s startup economy. The program was created in partnership with the New Jersey Economic Development Authority.

The 10 grant recipients are working on projects that involve developing or testing clean technologies intended to recapture or avoid emitting greenhouse gases. Funding will help the startups continue their work toward proof of concept and prototyping, at which point they can more readily attract outside investors or begin to generate revenue.

The following startups were each awarded approximately $75,000:

  • Andluca Technologies Inc., Princeton, is a spin-out of Princeton University that is developing solar-powered smart glass.
  • Arbela Labs, Randolph, is creating a methanol-fed platform to increase the scale and reduce the costs of biomanufacturing.
  • Eion NJ Corp., Princeton, is developing a specialty fine-grained mineral material that rapidly captures and stores carbon dioxide when applied to agricultural soils.
  • Farm to Flame Energy, Kearny, provides scalable, end-to-end electricity generation using biomass for communities in underdeveloped countries.
  • GreenBlu, Hamilton, is developing a solar thermal-energy-powered brine separation technology for use in desalination, agriculture, and water industries.
  • NextGen Battery Technologies, LLC., Somerset, is developing a high-voltage, non-flammable solid-state electrolyte for lithium batteries.
  • Princeton NuEnergy, Bordentown, is developing a battery-recycling technology to recycle and reuse lithium-ion batteries from electric vehicles, portable electronics and other energy storage devices.
  • RenewCO2, LLC., Cranford, is developing an electrochemical process that converts carbon dioxide to plastic precursors and other value-added chemicals conventionally sourced from fossil fuels.
  • SunRay Scientific, LLC., Eatontown, is commercializing an advanced material adhesive for use in electronics and semiconductor packaging.
  • WeSolar CSP Inc., 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.

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