After the recent announcements about space solar projects, Cleantech Blog is announcing our Space Biodiesel project. “We are excited about space solar, it’s like a moon shot – huge and available. Suprisingly enough, the near earth orbit biodiesel development rights have not yet been locked up.” – SBP cofounder Alexandra Tesla, great granddaughter of the famed inventor of the same name.
So we are launching Space Biodiesel Project, Inc. The program will use solar thermal collectors in orbit and the massive heat sink of space to drive our heat engine providing electricity and processing biodiesel. “The heat differential is so great the cost difference will be game changing and allow us to produce electricity to supply wholesale to other space solar programs as a co-product of producing our all-renewable, carbon negative biodiesel products. To us, “spacepower” is just a matter of scaling up engineering and procuring equipment launch slots.” – SBP CEO, Jimmy Watt, great great great grandson of the coiner of the term “horsepower”.
The SBP is still evaluating feedstocks, and whether a closed loop anaerobic algal process scavenging CO2 from the upper atmosphere can be effective. We are also evaluating whether coproduction of H2 from the algal growth waste O2 through an electrolysis process can provide a space based fuel source to offset the costs of shipping.
Patents filings are in process. Tests to begin in our lab soon. Looking for CEO, engineers, investors, and technology and engineering partners. Pre-money valuation to be based on a DCF of our 1,150 MW PPA and 85,000 bopd fuel offtake agreement with Sealand, which we believe is the largest solar PPA and largest take or pay biodiesel offtake on record. This agreement is expected to make our Series A the largest Series A venture capital deal in the cleantech sector to date. We anticipate, based on the numbers, our Series A pre-money will surpass the Series C and D valuations of even the 3 biggest thin film solar investments of 2008 combined. “Sealand is fully on board, though they have committed they will only pay for MWH and gallons delivered, as they are constrained by a need to protect their ratepayers, that’s why we’re looking to the venture capital markets to finance the first project, now that the technology is proven.” – Alexandra Madoff, SBP VP of Finance, and long time money manager.
– The Management