Sun Catalytix secures money for low-cost solar fuel

Technology News (Nov 23 2009) Emissions , Fossil Fuel , Solar

1. Sun Catalytix, a company that's trying to develop a revolutionary clean-energy system, has finished a round of seed funding and secured a technology license from the Massachusetts Institute of Technology. The Cambridge, Mass.-based company was formed about one year ago to commercialize research from MIT professor Daniel Nocera in which he attempts to mimic the process of photosynthesis. Polaris Ventures finalized a $3 million seed round of funding for Sun Catalytix and expects to raise a series A round next year, said Polaris' Bob Metcalfe, who is also on the board. Sun Catalytix is pursuing a breakthrough system that would use cheap solar panels to produce hydrogen, which would be stored and then used to produce electricity in a fuel cell. (Credit: MIT) The core of the company's technology, which Nocera has sought to patent, is a low-cost catalyst for an electrolyzer, a device that splits water ... (Read Full Article)

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