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Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by ttobbaybbob on Thursday September 23, 2021 @12:40PM (#28631602)
They seem to be heavy on vision, marketing and zero-net-carbon partnerships with huge brands, light on technical detail (i wouldn't hate some links to papers or a PoC of their reactor or something), all of which feels a little Nikola-y.

Thin articles touching on the technology: https://prometheusfuels.com/on-the-road/meet-our-v3-faraday-... https://prometheusfuels.com/on-the-road/worlds-1st-machine-t...

Hopefully someone can chime in with an explanation of why the technology is viable now (and not in the past) or why Prometheus is equipped to execute on this vision.

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by alexose on Thursday September 23, 2021 @01:22PM (#28632234)
I've done a decent amount of research on Prometheus Fuels, and I'm a believer.

They've licensed a couple of key technologies out of Oak Ridge. First is a catalyst that converts CO2 + H2O + electricity directly into ethanol. The other is a membrane with parallel carbon nanotubes that are just the right size to filter that ethanol. The rest of the business involves the chemical conversion of pure ethanol into other types of hydrocarbons.

The result is the ability to efficiently create carbon-netural fuel, effectively capturing a percentage of the electricity as gasoline (or jet fuel, etc).

Of course, this is less energy efficient than simply burning fuel that you found in the ground. The advantage is that they can bypass the expensive drilling, refining, and transportation steps and use cheap renewable energy to create fuel literally anywhere they can stick a shipping container.

That's the goal, anyway. I really hope they succeed.

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by trhway on Thursday September 23, 2021 @02:45PM (#28633405)
I myself don't like much how my brain sees Musk everywhere, yet I think similar methanol production will first come from SpaceX for Mars.

Also i wonder whether moonshine style distillation is worse than the carbon nanotubes membrane filtration, especially if you have a source of cheap waste heat.

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by uranium on Thursday September 23, 2021 @03:12PM (#28633799)
Distillation is pretty expensive, energy-wise, and if you can't run continuously [e.g. if you're trying to use cheap intermittent renewables] you lose energy in the cooling-and-reheating cycles.

I have yet to see a significant source of usable "waste" heat that's not already being used for something else. Low-grade heat isn't helpful--you generally need reasonably high temperature differentials in order to power large-scale industrial processes.

[Disclosure: I've invested in Prometheus Fuels, but don't speak for them.]

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by trhway on Thursday September 23, 2021 @04:24PM (#28634785)
>Distillation is pretty expensive, energy-wise,

Moonshining is less than 400 KJ per kg of source, i.e. about 1.5 KWh per kg of ethanol produced from 15% ethanol/water source. Given that one can use waste heat from almost any other industrial process the real monetary cost is way less than the cost of electrical 1.5 KWh.

>I have yet to see a significant source of usable "waste" heat that's not already being used for something else. Low-grade heat isn't helpful--you generally need reasonably high temperature differentials in order to power large-scale industrial processes.

Moonshining is 78 C degree - such cheap waste heat sources are plentiful exactly because it is hard to use for almost anything else.

>you lose energy in the cooling-and-reheating cycles.

not an issue for a 78 C process - basically like your water boiler, takes minimum of thermal isolation.

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by corpdronejuly on Thursday September 23, 2021 @03:15PM (#28633854)
Well that answers my question about crypto waste heat and useful work.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by alexose on Thursday September 23, 2021 @05:34PM (#28635786)
How were you able to invest, if you don't mind me asking?
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by corpdronejuly on Thursday September 23, 2021 @03:14PM (#28633836)
I've often wondered if I could justify a crypto mining rig if I used the waste heat for something, literally anything, useful. The tech is interesting and I want to for the sake of "doing something cool" but the environmental cost has me iffy on ever trying.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by uranium on Thursday September 23, 2021 @04:05PM (#28634542)
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by corpdronejuly on Wednesday September 29, 2021 @01:32PM (#28697059)
Earthship, heatpump, and this... getting pretty close to a dream house TBH.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by cfgghsj on Thursday September 23, 2021 @12:49PM (#28631741)
I found this article written by the CEO in a journal outlining some technical details. https://www.cell.com/joule/pdf/S2542-4351(20)30002-7.pdf

His breakthrough technology is supposed to be the carbon nanotube membrane as explained here. https://news.ycombinator.com/item?id=19842240

But, the two papers he cited in the Joule article don't go as far as actually separating water and ethanol. It's questionable whether this is possible or has been done successfully yet. https://iopscience.iop.org/article/10.1088/1674-0068/25/04/4... https://www.science.org/doi/10.1126/sciadv.1700938

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by alexose on Thursday September 23, 2021 @01:42PM (#28632487)
I think it's fair to assume that this technology is feasible at this point. McGinnis' other company, Mattershift, specializes in these kinds of membranes. IIRC they started in the desalination world, but have since found other applications.

https://www.greencarcongress.com/2018/03/20180310-mattershif...

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by lowercase1 on Thursday September 23, 2021 @05:49PM (#28635992)
Yeah the tech seems feasible but I'm skeptical of controlling capital costs when you need carbon nanotubes membranes as a core piece.

Air capture is also quite expensive and I'm not sure how much the "only need small concentrations of CO2" trick does.

Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by mbesto on Thursday September 23, 2021 @12:44PM (#28631654)
And how a physical good/energy company that is worth $1.5B only has 20 employees...
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by kolbe on Thursday September 23, 2021 @12:48PM (#28631724)
Welcome to 2021. In a few years, Chase Coleman will pick up large stake in this company, take it public and financially engineer it enough to stuff it into the S&P at a $500bn valuation.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by femiagbabiaka on Thursday September 23, 2021 @01:11PM (#28632058)
Oh yeah. Added to $ARKK and the whole nine yards.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by splistud on Thursday September 23, 2021 @01:35PM (#28632397)
Definitely better valuations on Canadian companies in the carbon-neutral 'area', and better ideas in my opinion
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by ttul on Thursday September 23, 2021 @02:42PM (#28633348)
You're missing the link: https://carbonengineering.com/
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by whymauri on Thursday September 23, 2021 @04:07PM (#28634574)
non equity baring contractors. is my guess, at least.
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by sayonaraman on Thursday September 23, 2021 @01:01PM (#28631936)
most of that funding must have paid for the animations
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by tlogan on Thursday September 23, 2021 @02:05PM (#28632802)
I hope they will do it. I see Rob McGinnis (their CEO) has a PhD. Did he publish some papers on this topic before?
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by rmcginnis on Thursday September 23, 2021 @05:35PM (#28635795)
If you'd like to see some of my publications (including old desalination stuff), check out my Google Scholar page: https://scholar.google.com/citations?user=t4ZIFUoAAAAJ&hl=en
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by beambot on Thursday September 23, 2021 @01:45PM (#28632541)
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by rasz on Thursday September 23, 2021 @03:45PM (#28634265)
Its nothing like Nikola, its Faraday!
Re:Prometheus Fuels (YC W19) Closes Series B with $1.5B Valu... by sschueller on Thursday September 23, 2021 @01:10PM (#28632039)
Another Elizabeth Holmes?