Prometheus Materials has closed an $8 million Series A financing round to advance their zero-carbon building materials agenda. The round was led by Sofinnova Partners, a leading European life sciences venture capital firm based in Paris, London, and Milan; with participation by the Microsoft Climate Innovation Fund, Skidmore, Owings & Merrill (SOM), GAF, and The Autodesk Foundation.
“To prevent catastrophic climate change, we cannot simply replace fossil fuels with renewable forms of energy. We must also decarbonize the way we create building materials,” said Loren Burnett, Co-Founder, President, and CEO of Prometheus Materials. “By using biological rather than chemical means to create a strong, durable binding agent for aggregate, we can now offer a zero-carbon alternative to carbon-intensive portland cement. Our bio-cement will transform architecture as we know it, by providing the construction industry with a new decarbonized building material that has environmental and mechanical properties that mirror or exceed the capabilities of concrete, wood, steel, and glass.”
Bringing Zero-Carbon Building Materials to Market
Prometheus Materials will use the funding to commercially manufacture zero-carbon masonry units at its production facility in Longmont, Colorado. The products will be marketed to architects, engineers, property and facility developers, and others in the construction industry as an affordable, strong, and durable zero-carbon alternative to portland cement-based concrete masonry units (commonly known as concrete blocks). Pilot projects using Prometheus Materials masonry units are currently underway.
Developed under a Department of Defense grant by a team of scientists and engineers at the University of Colorado in Boulder, Prometheus Materials’ zero-carbon building products are manufactured using naturally occurring microalgae. Using a patent-pending photosynthetic biocementation process, Prometheus Materials combines microalgae with water, sunlight, and CO₂ to create a bio-cement similar to the material that coral uses to build reefs and oysters use to generate their shells.
When mixed with aggregate, this bio-cement creates a zero-carbon building material with mechanical, physical, and thermal properties comparable or superior to portland cement-based concrete.
This new material circumvents the carbon-intensive processes involved in the production and transportation of the 4 billion tons of portland cement made each year; processes that are responsible for 8% of the world’s total annual CO₂ emissions, according to a report from Chatham House. This, along with the product’s ability to sequester carbon during the production process, results in a reduction of approximately 90% of embodied carbon compared to existing portland-cement based products.
“By working with nature to use existing microalgae to bind minerals and other materials together to create new types of sustainable building materials, we can eliminate most, if not all, of the carbon emissions associated with traditional concrete-based building materials,” said Dr. Wil Srubar III, Co-founder and Chief Technology Advisor at Prometheus Materials.
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