Power2People project gets funding from Business Finland
Soletair Power has
been awarded 693 k€ development loan by Business Finland for an R&D project
Power2People project. The project is part of P2XEnable Co-Innovation project
coordinated by Lappeenranta-Lahti University of Technology (LUT) and is under
Business Finland’s Power-to-X Ecosystem. The ecosystem is geared towards
supporting the transition towards a carbon-neutral power system.
Soletair Power’s
Power2People project aims to further develop the core competencies of the
company.
In a
carbon-neutral energy system, the use of fossil carbon must be negligible.
Instead of mining from the ground, carbon already present in the atmosphere can
be captured, refined and used. Soletair Power delivers a building-integrated
direct air capture system (BI-DAC) to produce CO2. BI-DAC is connected to the
building’s HVAC system and delivers lean CO2 air to improve indoor wellbeing
and boost people’s productivity. Meanwhile, the captured CO2 is combined with
hydrogen in a synthesis reactor to create hydrocarbons i.e. fuels. Soletair
Powers process is the world’s first economically profitable Power-to-X fuel
production process.
“Power2People
project boosts the company’s acceleration towards fast growth in the market”,
says CEO Petri Laakso.
The project starts this year and will run for two years. Soletair Power will also have active participation in LUT’s P2XEnable as part of the steering group.
