Polaris Ventures provides seed funding for Boston clean fuel startup
Polaris Ventures has provided seed funding to Sun Catalytix, a Cambridge, Mass.,-based startup that has developed a “sun fuel” technology able to harness energy from the sun to produce carbon-free fuel.
PeHUB, citing the VentureExpert database, lists the amount raised at $700,000. Xconomy, which first reported the news, says Polaris general partner Amir Nashat is in charge of the venture firm’s interest in Sun Catalytix, which was formed last year to commercialise the scientific work of Daniel Nocera, a chemistry professor at the Massachusetts Institute of Technology.
The process developed by Nocera is able to produce hydrogen gas from sunlight using a catalyst technology that separates oxygen gas from water and leaves behind hydrogen molecules. These molecules are then turned into hydrogen gas, which can be used to power fuel cells.
