Synhelion is a Swiss company converting concentrated solar heat and carbon dioxide (CO2) into fuel and cement. The company’s proprietary sun-to-liquid technology involves the use of a thermochemical reactor to produce syngas, which is then converted into fuel using gas-to-liquids technologies. Synhelion produces various types of solar fuel, including kerosene, gasoline, diesel, methanol, hydrogen, and synthetic crude oil for the maritime, ground transport, and aviation sectors.
In June 2024, the company launched DAWN, the world's first industrial-scale plant to produce synthetic fuels from solar heat, in Jülich, Germany.
Key customers and partnerships
The company has partnered with Lufthansa Group, Zurich Airport, AMAG Group, Eni, Wood and CEMEX for commercialization. In June 2024, Synhelion partnered with Pilatus Aircraft, a Swiss-based aircraft manufacturer to scale up the use of solar fuels in the aviation industry. In October 2024, the company signed a five-year fuel offtake agreement with the Swiss transportation company, Lake Lucerne Navigation Company (SGV), to supply ~100 tons of solar fuel per annum, to power its historic steamboats.
Funding and financials
Synhelion’s most recent funding was in December 2022, when it raised CHF 22 million (USD 23.7 million) in a Series C funding round. The company intends to use the proceeds to scale up the commercialization of its proprietary sun-to-liquid technology to produce solar fuel. In June 2023, Synhelion and its partner, the University of Florida, were awarded USD 2.7 million from the US Department of Energy’s Solar Energy Technologies Office (SETO).
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.