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When was Greenlyte based?
Greenlyte was based in September 2022 with the mission to develop a low-cost, sturdy Direct Air Seize know-how that captures CO2 at world-leading vitality charges, whereas supplying hydrogen as a by-product.
What was the preliminary inspiration for the corporate?
The know-how of Greenlyte was developed throughout a 15-year analysis venture by our co-founder Dr. Peter Behr. Peter and I met in the summertime of 2022 and determined to spin out the IP from the college to start out Greenlyte. We had been then joined by a long-time fellow-entrepreneur good friend of mine, Dr. Niklas Friederichsen.
How was creating Greenlyte motivated by your prior expertise in local weather & entrepreneurship?
Previous to Greenlyte, I co-founded and scaled a software program firm referred to as Qualifyze. The corporate was an awesome success and we managed to construct a crew of over 100 folks and achieved 8-digit revenues. Nevertheless, over time I caught myself pondering and worrying extra usually about local weather change than truly engaged on the enterprise. Finally, I left my function as co-CEO and started investing in local weather ventures. However to be trustworthy, I rapidly realized that I’m most likely not the perfect investor, so I started scouting German universities for excellent expertise and IP. That is how I met Peter and bought hooked by his know-how, which made me drop all the pieces else and focus my total time on this.
Would you do something otherwise for those who had been founding the corporate right this moment?
It’s tough to say proper now. We have now been engaged on Greenlyte for roughly 10 months and up to now have been capable of make nice progress with none main hiccups. I additionally really feel that we now have the fitting degree of risk-taking and focus in our firm. For each Niklas and myself, this has not been the primary enterprise. Some issues are somewhat bit simpler when you have got skilled them earlier than. I may give a protracted checklist of issues I’d have performed otherwise in my first enterprise.
What’s Greenlyte?
Greenlyte Carbon Applied sciences (GCT) is constructing novel, modular direct air seize vegetation that rely fully on renewable electrical energies to seize CO2 from ambient air whereas producing hydrogen. The ultimate merchandise of our know-how are clear CO2, H2, and O2 in a gaseous type which can be utilized in both carbon storage or carbon utilization circumstances.
How does Greenlyte work?
GCT’s proprietary know-how consists of a 3-step course of. At first, we soak up CO2 in a liquid resolution by way of an exothermic response. Subsequently, the CO2 precipitates from the answer within the type of a strong salt. Steps 1 and a pair of require solely a fractional quantity of vitality, which suggests they are often run day and night time. As soon as we now have renewable energy accessible, we swap on our modified alkaline water electrolysis during which the CO2 is desorbed from the salt, hydrogen and oxygen are produced and the absorbent materials is regenerated.
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How is Greenlyte totally different from different carbon tech attempting to unravel the identical challenge?
At the beginning, we’re producing hydrogen in parallel with CO2 seize, which makes our resolution susceptible to carbon utilization circumstances that want each CO2 and H2, just like the manufacturing of sustainable aviation fuels. Secondly, we will very simply combine with fluctuating vitality provides, as our energy-intensive desorption might be fully decoupled from the absorption. Thirdly, our low CAPEX design permits us to construct comparatively small models that may nonetheless hit profitability when it comes to CO2 worth, with out having to construct large vegetation for numerous hundred million {dollars}.
The place do you hope Greenlyte is in 3 years and in 5 years?
We hope to achieve kilo-ton scale in numerous industrial setups within the subsequent 3 years, in addition to have achieved a replicable, modular plant design that may be produced and shipped globally to realize scale. In 5 years, we wish to be very near a CO2 worth of round 150€s per ton.
Who’re your most essential companions now, and going ahead?
For the time being we’re executing in opposition to a comparatively clear roadmap, so it’s extra about having the fitting focus, and in case of points, having companions round us that may lower drawback fixing time. These are principally our early supporters, together with our buyers and our present and future expertise, but additionally native supporters that assist us become familiar with a variety of points sooner. As soon as our know-how is mature sufficient and we swap our focus to scaling, than we have to have the fitting community alongside our provide chain, on the shopper aspect in addition to regulator aspect.
For those who weren’t the co-founder of Greenlyte, what would you aspire to do personally?Â
After I left my earlier enterprise, I spent a number of time serious about what I needed to do subsequent, so Greenlyte is precisely what I needed to do. If I wasn’t doing this, then most certainly I’d be partaking someplace as a enterprise builder to assist different founders construct local weather tech ventures.
What are essentially the most neglected alternatives in cleantech and local weather, in your opinion?
I’d argue that it’s principally the present options which can be already right here right this moment and the alternatives we will already make. It’s not rocket science to stay a extra climate-friendly life by consuming much less meat, flying much less, choosing public transport extra usually, and really importantly, electing inexperienced events.
For those who may enact some local weather coverage, what would it not be?
For me, this could be a globally aligned CO2 worth with a transparent worth improve roadmap that makes folks make inexperienced enterprise choices right this moment (e.g. changing an present manufacturing facility due for substitute with a inexperienced one as a substitute of going for one more gray resolution). It must be quite simple to calculate the enterprise case of any inexperienced enterprise resolution made right this moment.Â
What motivates you to proceed on this work?
Nearly all of my motivation comes from the massive factor that we’re engaged on, which is contributing towards halting local weather change. That is what motivates not simply me, but additionally our crew, stakeholders, and supporters. Particularly on the crew aspect, I can see what this does to everybody. That’s why my second largest supply of vitality is our crew and the large contributions I see on a regular basis. It’s a true blessing to be working with such nice folks on such an awesome trigger. I’m fortunate to have the place that I’ve.
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