Business Wire

Prometheus Fuels Hits Major Commercial Milestone

10.7.2025 16:00:00 EEST | Business Wire | Press release

Share

Prometheus Fuels (Prometheus), the company making low-cost carbon-neutral fuels from direct air capture and renewable electricity, today announced it has reached commercial readiness for its proprietary e-Fuel production system. The company’s Titan Forge Alpha prototype has successfully integrated a full-scale 50-cell Faraday Reactor validating its core technology at TRL 9, the highest benchmark for real-world deployment and system maturity.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250710099048/en/

Prometheus Fuels' Titan Forge Alpha prototype has successfully integrated a full-scale 50-cell Faraday Reactor validating its core technology at TRL 9, the highest benchmark for real-world deployment and system maturity. With this milestone, Prometheus becomes the only company capable of producing low-cost carbon-neutral e-Fuel using direct air capture (DAC) and intermittent renewable energy, fully off-grid.

With this milestone, Prometheus becomes the only company capable of producing low-cost carbon-neutral e-Fuel using direct air capture (DAC) and intermittent renewable energy, fully off-grid. The company also stands apart from other e-fuel producers in not needing subsidies or hydrogen. Its Titan Forge Alpha plant, the world’s first operational DAC synthetic fuel facility, is already generating e-methanol from air and solar power.

Next up: Titan Fuel Forge One, the company’s first commercial-scale fuel production system. It will use the same proven stack architecture and kick off a new era of production for Prometheus. To date, the company has pre-sold more than 11 million tons of e-Fuel to be delivered over the next decade, reflecting strong demand from global energy buyers and deep market confidence in the company’s technology.

The Faraday Reactor, a hydrocarbon electrolyzer that converts CO2 from an integrated DAC tower directly to fuel, is core to Prometheus’ system. Designed to operate on variable power inputs, the system thrives in remote, off-grid environments where wind and solar energy are abundant, unlocking low-cost, distributed fuel production at a global scale.

“This milestone marks a turning point, not just for Prometheus, but for the future of energy,” said Rob McGinnis, founder and CEO of Prometheus. “We’ve invented and built an integrated DAC and fuel synthesis system that captures carbon from the air, runs on renewable energy, and produces e-Fuels that cost less than fossil at scale. It’s the kind of innovation that doesn’t just move the needle, it resets the standard. After years of development and validation, we’re now ready to scale and meet the world’s growing demand for energy.”

As AI workloads surge and data centers multiply, demand is rising for reliable, around-the-clock clean power. Solar is now the cheapest form of energy in the world, but its full potential has been limited by challenges in capture, transport, and storage. Batteries and grid infrastructure can’t fully solve the problem — especially in remote, fast-growing, or under-connected regions.

Prometheus’ patented technology turns cheap, abundant solar power into carbon-neutral fuel that works as firm, dispatchable baseload energy. It can be stored indefinitely, delivered anywhere without new transmission lines, and used to stabilize grids, power AI and data centers, and fuel global demand for steady, low-cost clean energy.

“We knew we had to be able to beat fossil fuels on cost from the beginning and that’s what we’ve achieved,” McGinnis added. “We don’t need subsidies, we don’t need hydrogen, we don’t need biogenic point-source CO2, and we don’t need the grid. We can turn the lowest cost energy in the world from solar in the best locations into liquid fuels that can meet the fast-growing need for new power. We’re ready to scale to meet real demand.”

The company’s core technology is patent-protected and has undergone third-party technical validation in preparation for full-scale commercial deployment. To see a demo of Prometheus fuel powering the company’s 1968 Mustang Fastback, the “Promethean Stang,” visit: https://bit.ly/Promethean-Stang-Reveal. To learn more about Prometheus visit: https://prometheusfuels.com/.

About Prometheus Fuels

Prometheus is the global leader in carbon-neutral fuels made from direct air capture and renewable electricity to power AI data centers, factories, ships, vehicles, and aircraft. The company’s patented technology produces fuel at fossil fuel prices without subsidies, transforming energy production. Designed to run off-grid, Prometheus offers a scalable source of new power, transforming intermittent renewable energy into firm dispatchable 24/7 power, anywhere it is needed. Backed by top-tier investors including Maersk, BMW, Y Combinator, Paul Graham, Jaan Tallinn, John and Patrick Collison, Garrett Camp, and Tom Preston-Werner, Prometheus is redefining the future of energy. Learn more at prometheusfuels.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250710099048/en/

Contacts

Media Contact:
Nickell Communications for Prometheus Fuels:
prometheus@nickellcommunications.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

www.businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

SES Announces Results of the Annual General Meeting2.4.2026 17:49:00 EEST | Press release

SES (the “Company”) held the Annual General Meeting (“AGM”) of Shareholders today in Betzdorf, Luxembourg. Following the recommendations made by the Board of Directors of SES, the shareholders have voted in favor of all resolutions, including the Company’s 2025 annual accounts and the proposed annual dividend of EUR 0.50 per A-share (EUR 0.20 per B-share). The total dividend amount comprises the interim dividend of EUR 0.25 per A-share (EUR 0.10 per B-share), which has already been paid to shareholders on October 16, 2025. The final dividend of EUR 0.25 per A-share (EUR 0.10 per B-share) will be paid to shareholders on April 16, 2026. “I would like to sincerely thank our shareholders for their active engagement, visionary support and continued confidence in SES’ strategy,” said Adel Al-Saleh, CEO of SES. “The outcomes of today’s AGM underscore our shared commitment to a bold multi-orbit approach, with Medium Earth Orbit as the strategic backbone of a dynamically evolving global interco

Forrester: Three Years Into GenAI, Enterprises Are Still Chasing Its True Transformative Value2.4.2026 17:00:00 EEST | Press release

According to Forrester’s (Nasdaq: FORR) latest report, Accelerate Your AI Voyage, most enterprises are struggling to turn growing AI adoption and investment into measurable business impact. One of the key factors holding businesses back is low artificial intelligence quotient (AIQ) — Forrester’s measure of AI aptitude — with many employees lacking a clear understanding of how to use AI. Other barriers include an overemphasis on productivity-focused use cases, difficulty measuring impact, and siloed adoption within individual functions. While these challenges can leave firms frozen in doubt or indecision, the wait-and-see approach to AI adoption is no longer viable. To unlock AI’s full potential, organizations need to focus on four key areas: Define the business outcomes and success metrics for what they want AI to achieve; identify specific use cases for AI deployment aligned to those business outcomes; establish a structured runway to plan, test, and strategically time the deployment

Andersen Consulting Adds Multiplica2.4.2026 16:30:00 EEST | Press release

Andersen Consulting enters into a Collaboration Agreement with Multiplica, a digital consulting firm that helps organizations design, build, and scale impactful digital experiences. Founded in Spain with a presence in Latin America and the U.S., Multiplica focuses on user research and discovery, customer experience research, digital strategy, data modeling and analysis, report automation and data visualization, conversion rate optimization, product design, and user experience design. The firm helps organizations accelerate digital transformation by building digital capabilities, teams, and assets that advance expertise across digital products, consulting, and talent development. Multiplica enables clients to forecast emerging trends in digital experience and transform their businesses through enhanced digital channels and customer engagement. “Collaborating with Andersen Consulting represents an exciting opportunity to extend our reach and impact,” said David Boronat, CEO of Multiplica

Brightfin Unifies Brand Following Proven Optics Merger, Delivering a New Standard for Technology Cost Optimization2.4.2026 16:00:00 EEST | Press release

Brightfin today announced that, following its merger with Proven Optics, the combined company will operate under a single brand: Brightfin. The unified company brings together deep expertise in Technology Expense Management (TEM) and IT Financial Management (ITFM) to help organizations better understand, manage, and reduce total technology spend. Technology spending will exceed $6 Trillion this year, and for most organizations, it remains one of the least understood. CIOs can tell you what they’re spending. Far fewer can tell you whether it’s working. “Over the past several months, we’ve brought these two businesses together around a shared purpose: help enterprise businesses better understand and optimize their technology spend,” said Joel Martins, CEO of Brightfin. “What we are seeing now is a shift. Visibility alone isn’t enough. Teams need to be able to act, tied to real financial outcomes. See Clearly. Spend Better. That is our north star, and that is what our platform is built to

The LYCRA Company Announces Strategic Partnership on Renewable LYCRA ® Fiber2.4.2026 16:00:00 EEST | Press release

The LYCRA Company, a global leader in innovative and sustainable fiber solutions for the apparel and personal care industries, today announced the signing of a strategic partnership agreement with Texhong International Group Limited (“Texhong”), one of the world’s largest suppliers of core-spun cotton textiles. Under the agreement, Texhong will exclusively partner with The LYCRA Company to bring Renewable LYCRA® fiber made with 30 percent plant-based content* to China’s core-spun yarn sector. This collaboration aims to accelerate the adoption of bio-derived spandex across the global apparel and textile industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402505834/en/ The LYCRA Company announced a strategic partnership with Texhong International Group for renewable LYCRA® fiber. Pictured at the signing ceremony held in Shanghai (left to right): Jason Wang, Vice President, Asia, The LYCRA Company, and Zhou Xia, Chief O

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye