LUCA Technologies Overview
Domestic energy needs in the United States far outstrip today's readily accessible energy resources, which has forced an ever-increasing dependence on foreign fuels. At the same time, existing U.S. energy resources are significantly underutilized, in part due to the inefficiencies of even the most modern extraction methods employed today. LUCA is developing methods for optimizing the natural...More»
Domestic energy needs in the United States far outstrip today's readily accessible energy resources, which has forced an ever-increasing dependence on foreign fuels. At the same time, existing U.S. energy resources are significantly underutilized, in part due to the inefficiencies of even the most modern extraction methods employed today. LUCA is developing methods for optimizing the natural gas-producing activity of natural Geobioreactors it identifies, as well as methods of turning other energy resources - such as oil wells that are no longer actively producing - into efficiently functioning Geobioreactors. In doing so, LUCA believes it will open the door to the creation of a new industry with the potential to solve U.S. domestic energy needs long-term, as well as provide a cost-effective, reliable and renewable source of the cleanest burning hydrocarbon fuel.«Less
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Funding
| Date | Type | Capital Amount | Post-Money Valuation | Investors |
|---|---|---|---|---|
| 10/2007 | Series B | 20M | Unknown | |
| 12/2008 | Series C | 75.9M | 245.6M |
Products
| Name: | Real-Time Methane Production |
| Product URL: | http://www.lucatechnologies.com/content/index.cfm?fuseaction=showContent&contentID=6&navID=6 |
| Description: | Through a series of carefully controlled laboratory experiments, LUCA has shown that coal samples extracted from a number of suspected Geobioreactors will produce methane on an on-going basis. Moreover, this methane production can be stimulated by the introduction of additional nutrient compounds, or suppressed by heat sterilization or the introduction of oxygen, both of which will kill anaerobic organisms. Furthermore, LUCA has shown that radio labeled CO2 (carbon dioxide) introduced to these samples is converted into radio labeled methane, indicating that the methane formation is the result of a biological process. |
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12/31/2008 09:49AM by sanchez42
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Luca shovels in $76M for coal-to-gas technology
Dec 29, 2008 - 0 comments
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