Steeper Energy develops advanced biofuels from low-value biomass, such as residues and wastes from the agriculture and forest industries.
Steeper Energy is a world leader in the development of advanced biofuels from low-value biomass, such as residues and wastes from the agriculture and forest industries. Steeper Energy’s Hydrofaction™ produces drop-in renewable fuels with high energy density enabling the heavy transport sector to seamlessly transition to low carbon fuels. With an experienced team of world class talents and strong industrial partnerships, Steeper is a leader in the realization of a low-carbon transport future.Steeper Energy offers a solution to a stated goal by society to reduce carbon emissions.Climate changes caused by utilization of fossil fuels are known to cause global damage. Within transportation carbon emissions keep rising while leaders across the globe have made bold commitments to bring emissions down. Electrification of light vehicles provides part of the solution. However, heavy trucking, marine and aviation cannot be readily electrified, and despite improvements in fuel efficiencies emissions from long distance heavy transport are predicted to go up.The international community is struggling to find solutions and agree that action cannot be delayed. Steeper Energy’s proprietary Hydrofaction process cost effectively converts biomass to renewable transport fuels that can be used in existing infrastructure.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Jan 1, 2014 | Series Unknown | — | 1 | — | — | Detail |
Nov 1, 2013 | Grant | kr17.28M | 1 | — | — | Detail |
Nov 1, 2011 | Grant | kr6.90M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
TOM Capital Associates | — | Series Unknown |
Danish Energy Agency | — | Grant |