Prometheus Fuels is a clean energy company that uses renewable electricity from solar and wind power to create zero net carbon electrofuels from CO2 and water extracted from the air. Prometheus Fuels produces gasoline, diesel, and jet fuels that can be used in existing vehicles and aircraft without modification, while not contributing new CO2 to the atmosphere.
Their proprietary process captures atmospheric CO2 and, using renewable energy, converts it into liquid fuels. Each gallon of Prometheus electrofuel replaces a gallon of fossil fuel, leaving fossil oil reserves untouched and helping reduce global warming. Notably, Prometheus claims their zero net carbon jet fuel is priced competitively—one cent less per gallon than conventional fossil jet fuel. This cost parity unlocks mainstream adoption, evidenced by American Airlines’ order of 10 million gallons, with deliveries beginning next year.
The Technology Behind Prometheus Fuels
Prometheus utilizes a combination of direct air capture, water extraction, and renewable-powered electrochemical conversion to synthesize fuels. The resulting electrofuels are 'drop-in' replacements—meaning they work seamlessly in current combustion engines and infrastructure, from cars and trucks to airplanes, without requiring any modifications. This approach bridges the gap between decarbonization goals and the reality of today’s global transportation fleets.
Who Uses Prometheus Fuels?
Prometheus targets sectors where transitioning away from liquid fuels is particularly challenging, such as aviation and long-haul transport. Their customer base includes major airlines like American Airlines, which has committed to purchasing millions of gallons of zero net carbon jet fuel. The ability to offer cost-competitive, sustainable fuels appeals to logistics, aviation, and transportation companies seeking to meet climate targets without significant operational changes.
Competitors and Market Landscape
Prometheus Fuels operates within the growing synthetic and carbon-neutral fuels sector. Competitors and alternative solutions include:
- Zero: Offers 100% fossil-free, drop-in gasoline compatible with existing engines.
- Carbon Neutral Fuels: Develops sustainable fuels for hard-to-decarbonize industries, focusing on aviation and maritime sectors.
- Repsol: Produces synthetic fuels by combining hydrogen and captured CO2, operating at a global, incumbent scale.
While several companies are developing biofuels or synthetic alternatives, Prometheus differentiates itself by achieving price parity with fossil fuels and focusing on scalability through renewable electricity and direct air capture.
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