Svante Named One of BC’s Top Emerging Cleantech Companies
Rocket Builders’ lists include BC technology companies with ‘great potential for investment and market breakthroughs in the coming year.’
VANCOUVER, British Columbia — March 11, 2016 — Svante Inc. (formerly Inventys Thermal Technologies), the company that’s transforming post-combustion carbon capture, today announced that it was named one of BC’s top emerging cleantech companies.
Rocket Builders recently released its 14th annual “Ready to Rocket” lists, which included Svante as one of its Emerging Rockets. An Emerging Rocket company is defined by Rocket Builders as ‘a company with great potential to achieve market milestones but may be a few years away from maximum revenue growth.’
“We are tracking Svante because they are developing novel technology for carbon capture,” said Dave Thomas, Senior Partner, Rocket Builders. “It is one of the hot sectors in Cleantech and a market where we anticipate a lot of growth. We look forward to hearing more about them as they enter the market with their proprietary emissions reduction technology.”
Svante is the developer of the VeloxoTherm™ carbon dioxide (CO2) capture process, a breakthrough technology that could help create a carbon-free source of energy. The VeloxoTherm™ process works by grabbing the carbon dioxide at its emission source. It is different from other post-combustion CO₂ capture technologies through its innovative design of adsorbent structures. Most other post-combustion CO₂ capture processes use liquid solvents, also known as amines.
Made from benign activated carbon, the proprietary structured adsorbents within the VeloxoTherm™ process accelerate the adsorption process and minimize energy requirements.
“This is a pivotal time for Svante. A number of market forces are driving interest in innovative solutions to reduce emissions,” said (former) President and CEO André Boulet. “Not only are we commercializing a technology that could help bridge the gap between environmental sustainability and fossil fuel use, the VeloxoTherm™ process captures CO2 at a lower cost than any competing technology.”
Svante is gaining traction on many fronts. The company is currently working on a U.S.-Department-of-Energy-funded study with NRG Energy Inc. to prove that the cost of capture, both from an upfront capital requirement as well as from an operating standpoint, is lower using this new post-combustion capture process when compared to existing baseline technologies.
Svante’s founders, André Boulet, Brett Henkel, Soheil Khiavi & Darryl Wolanski, were also awarded a Clean50 award, which recognizes the contributions of its recipients toward clean capitalism and sustainable development. The Clean50 Award is given annually from Delta Management Group to the 50 individual leaders who have done the most to advance clean capitalism and sustainable development in Canada over the prior two years.
Svante Inc. is an energy technology company that could alter carbon dioxide (CO2) emissions worldwide. The company has developed the VeloxoTherm™ process, which is the most economically viable means to capture carbon at its emission source. Unlike conventional methods, the VeloxoTherm™ process uses Svante’s patented structured adsorbent and its rapid cycle thermal swing process. This approach maximizes carbon capture efficiency and avoids the high cost of other carbon capture processes. The VeloxoTherm™ process is the future of carbon capture for use in enhanced oil recovery (EOR) and greenhouse gas (GhG) reduction and could accelerate the global transition to a low carbon economy. For more information about Svante and the VeloxoTherm™ process, please visit https://svanteinc.com/. You can also connect with us on Facebook or Twitter @svantesolutions.
About Ready to Rocket
Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for growth. Each year, based on analysis of trends that will drive growth in the Clean Technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding industry averages for revenue, employee and investment growth. http://www.readytorocket.com
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For printing or downloading a pdf copy of the release: 2016-03-11_Ready-to-Rocket