Prometheus
Prometheus, based in Santa Cruz, CA, specializes in producing zero net carbon electrofuels using solar and wind power, targeting the industrial energy sector with a focus on sustainable fuel alternatives.
Company Background
Prometheus, founded in December 2018, operates out of Santa Cruz, CA, USA. Specializing in the Industrials and Energy sectors, the company is innovative in creating zero net carbon electrofuels using solar and wind power. Prometheus participated in Y Combinator's W19 batch and is currently in the early stage of development.
Services and Products
Prometheus produces zero net carbon electrofuels that include gasoline, diesel, and jet fuels. These fuels do not require engine modifications and are designed to mitigate global warming. Notably, their zero net carbon jet fuel is priced competitively, one cent per gallon cheaper than fossil jet fuel. The company has a notable order of 10 million gallons of jet fuel from American Airlines, with plans to begin shipping these electrofuels next year.
Team Size and Workforce
Prometheus has a dedicated team of 25 employees. The company offers both remote and partly remote work options, targeting markets primarily in the United States and Canada. This flexible work structure reflects their forward-thinking approach and adaptability in the modern working environment.
Industry and Sub-Industry
Operating within the Industrials sector and specializing in the sub-industry of Energy, Prometheus aims to revolutionize the fuel market. By producing sustainable and zero net carbon fuels, the company addresses the urgent need for eco-friendly energy solutions. Prometheus stands out for integrating renewable energy sources like solar and wind into their production processes.
Target Markets and Regions
Prometheus targets several regions, including the United States of America and Canada. Moreover, they offer services both remotely and partly remotely, indicating a versatile and expansive market approach. Their sustainable fuel solutions cater to a vast geographical region, aligning with global efforts to reduce carbon emissions.