SkyNano Set to Receive $2M in Funding to Research Turning Buildings into Carbon Storage Structures Funding Part of Advanced Research Projects Agency-Energy (ARPA-E) HESTIA Program to Increase Total Amount of Carbon Stored in Buildings
KNOXVILLE, Tenn. – SkyNano announced today that it has been selected to receive $2M in funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E). The funding is part of the ARPA-E HESTIA program, which prioritizes overcoming barriers associated with carbon-storing buildings, including scarce, expensive and geographically limited building materials. The goal of the HESTIA program is to increase the total amount of carbon stored in buildings to create carbon sinks, which absorb more carbon from the atmosphere than released during the construction process. SkyNano's project is a collaborative effort among Endeavor Composites and the University of Tennessee to create building materials with low carbon footprints based on the utilization of SkyNano's CO2-derived carbon nanotubes, Endeavor Composites's reclaimed carbon fibers, agricultural waste fibers, and bio-derived resins.
"We're extremely grateful for ARPA-E's support of our project, and excited with this award to launch SkyNano's entrance into the building materials market as a result of this support," SkyNano CEO Anna Douglas said. "We believe this project has game-changing potential to make a meaningful impact on the way we consider new building materials with performance, cost, and carbon footprint as decision-making variables."
SkyNano's project is a collaborative effort along with Endeavor Composites and the University of Tennessee to create building materials with low carbon footprints based on the utilization of SkyNano's CO2-derived carbon nanotubes, Endeavor Composites's reclaimed carbon fibers, agricultural waste fibers, and bio-derived resins. The effort will enable non-structural panels that allow architectures and building developers to utilize materials with net negative CO2 emissions, a significant improvement over today's building materials which have significant CO2 footprints.
About SkyNano Technologies
SkyNano is a science-based technology company focused on commercializing a free-market solution to carbon pollution. It specifically develops a novel electrochemical manufacturing technology for the capture and conversion of CO2 from various sources (atmospheric, concentrated, flue gas) into valuable carbon-based materials such as carbon nanotubes. SkyNano's technology has been featured in many peer-review scientific papers, received recognition from a 2020 R&D100 award, a 2021 TechConnect Innovation Award, and was recognized with a Forbes 30 Under 30 award to our Co-Founder and CEO Dr. Anna Douglas. In fact, both SkyNano founders are Forbes 30 Under 30 innovators, as Prof. Cary Pint was awarded the recognition in the inaugural year of the awards. To learn visit: https://www.skynanotechnologies.com/.