In the United States (US), Syzygy Plasmonics Inc., a deep decarbonization company, has announced that it has reached a strategic investment agreement with Mitsubishi Heavy Industries Ltd (MHI), executed through Mitsubishi Heavy Industries America Inc., (MHIA).
Syzygy Plasmonics builds reactors that use light instead of heat to electrify chemical manufacturing and power a cleaner, safer world.
Utilizing technology licensed from Rice University and advanced engineering, Syzygy is commercializing a universal photocatalytic reactor platform.
When powered with renewable electricity, this tunable technology is designed to reduce both cost and emissions from many different chemical reactions.
Starting with solutions designed to consume greenhouse gases (GHGs) and produce low- and zero-emissions hydrogen, the company’s mission is to create a world where chemicals, fuels, and fertilizer are low-cost, carbon-neutral, and accessible to everyone.
Step toward commercialization
The agreement formalizes ties between Syzygy and MHIA, giving the global multinational engineering and manufacturing technology company greater insight into Syzygy’s strategic priorities and an opportunity to support Syzygy’s business execution plans.
MHIA has been making moves to establish itself as one of the leaders in the energy transition. Formalizing our relationship with them shows their commitment to helping scale cutting-edge technology and opens up new avenues for Syzygy and MHIA to work together as we commercialize our industrial decarbonization platform, said Trevor Best, CEO of Syzygy Plasmonics.
