So you have spare available energy you can use to run the converter, and you also have a demand for energy that you're satisfying using a hydrocarbon powered generator. Why not reduce your hydrocarbon use in the first place, by substituting in the energy you were going to use in the converter? That seems to me to be an awful lot more efficient.
IMHO this technology really comes into it's own when you have available spare renewable energy, and want to find a way to store it in a dense, portable and easily reusable form. I think it's best thought of as a competitor to battery storage, but with the added benefit of extracting atmospheric CO2.
The process uses clean electricity to reverse the CO2. I suspect here we have a timing issue. When the sun shines, the gas plant will be idle, and that's when the spare electricity is available is used to reverse the process.
And the physical position - the gas plant is likely to be where the sun shines less.
As ever we have a storage buffer problem.
I think there are really two major business cases for Prometheus. One is in earning back carbon offsets (reducing net CO2 production from a polluting source) while producing a valuable byproduct. The other is as a way to ethically and profitably use local excess energy to create that same byproduct.
I think it makes sense for the Prometheus apparatus to be paired with electrical load balancers (aka industrial battery banks) built for renewable energy. Allow me to expand:
1. Renewable sources like solar collect electric energy on an inconsistent basis.
2. Depending on local energy demands (a factory, the neighboring town, etc.), the grid will either use or store the electric energy. Storage for large businesses and nations nowadays occurs through industrial battery banks (i.e. BYD's).
3. Usually, those who use battery capacity battery stored energy can be used before conditions are right for collection again. However, if local energy demands less than can be stored and used in the next collection cycle, that "buffered" energy is wasted.
This is a prime use for that wasted energy. I imagine it only becomes viable at scale. And there is one other issue to address...
Companies like BYD who do national-scale renewable grid storage usually undershoot the amount of battery storage they provide because over-storing is costly (the energy isn't used or is distributed less efficiently and the batteries incur both capital, installation, and maintenance costs).
If Prometheus reaches cost effectiveness, a renewables/storage company could start over-providing energy generation and battery storage and pair it with CO2 factoring to a) reduce costs associated with wasted energy b) earn carbon offsets for large companies and c) create valuable byproducts.
Likewise, batteries/capacitors/whatever would probably be set up on the electricity. A plant design would seem to want to control the flow rates of both.
Overall, the parent comment's unlikely to be correct in its speculation that the reason for open-air capture is related to timing issues.
I suspect the advantage of this system is that is doesn't need pure co2 to work
edit: You'd probably want to store the electricity on-site instead for this. At least if there's no CO2 to consume you can be in the electricity storage business.
That was my big question, too. Asked and got a response here:
We have a huge fleet of cars, trucks, planes and ships that are all very carbon-positive. We also have a huge amount of existing infrastructure for delivering fuel to these things.
Sure, cars and trucks could go electric, but large airliners probably never can, and it's difficult for ships. But even for cars it will take decades to fully transition to electric. An economically viable, carbon neutral fuel that could be brought to market and scaled up quickly would be a huge win for the transition. Especially if it's cleaner burning (no/very low sulfur, aromatics etc.).
1. why extract from the air when you can just put a device on the smokestack of an existing coal or natural gas plant? The higher CO2 density of the effluent will make things more efficient. 2. Your key innovation isn't the part where you pull CO2 out of the air; it's the nanotube-based reverse osmosis process for separating ethanol from water. This process could just as easily be applied to other fields. For example, bioethanol production similarly requires a very expensive distillation step to extract pure ethanol from the fermentation medium. Making that step more efficient would be much simpler than reinventing the entire supply chain around carbon dioxide extraction and subsequent reduction to ethanol.