User:Jimmyc13/8 Rivers Capital
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Summary
[edit]8 Rivers Capital is a company based in Durham, North Carolina best known for its invention of the Allam-Fetvedt Cycle carbon capture technology and the founding of NET Power LLC to commercialize that technology. Their mission is “developing the sustainable infrastructure of tomorrow.”[1]
History
[edit]8 Rivers Capital was founded in 2007 by two MIT Alumni: Bill Brown, an ex-Morgan Stanley managing director and Duke University professor, and Dr. Miles Palmer, an inventor and engineer formerly at SAIC, to address global problems through massive innovations.
Portfolio
[edit]Their website portfolio [2] in 2019 listed four technologies:
1. Allam Cycle and NET Power
2. Thor Launch Systems
3. 8 Rivers Networks.
4. 8 Rivers Hydrogen.
NET Power
[edit]8 Rivers’ Rodney Allam and Jeremy Fetvedt invented the Allam-Fetvedt Cycle in 2009.[3] [4] In 2012 NET Power received a $50.4 m investment from the Shaw Group, now a part of McDermott, and a $90 m investment from Exelon. [5] NET Power has a 50 MW power plant in Texas that announced first fire in May of 2018.[6] It’s a carbon capture power plant that burns natural gas in pure oxygen, and uses CO2 to drive the turbine instead of steam. [7] The turbine and combustor of the system were made by Toshiba. Oxy Low Carbon Ventures recently joined as an investor in November of 2018.[8]
8 Rivers, in collaboration with the state of North Dakota, has also worked on a coal version of the Allam Cycle which integrates with gasified coal to create a pathway for zero emissions coal power. [9] In 2019 this coal Allam Cycle technology won a grant from the US Department of Energy.[10]
Thor Launch Systems
[edit]8 Rivers’ Thor Launch Systems aims to achieve airline like launch frequency and cost for space launch. [11]
8 Rivers Networks
[edit]The 8 Rivers Networks technology aims to provide fiber speed data transfer without any wires.[12] In 2017 they were selected by the City of Durham to build a data connection between Durham City Hall and a nearby building.[13] This wireless technology was patented as a “Diverged Beam Communications System,” by 8 Rivers and lead author Miles Palmer. [14]
8 Rivers Hydrogen
[edit]8 Rivers Hydrogen aims to produce clean, cheap hydrogen with full carbon capture. [15]
People
[edit]Bill Brown is the CEO of 8 Rivers Capital. He was named one of the top 50 most daring entrepreneurs by Entrepreneur.com.[16] Miles Palmer, Co-founder and Director of 8 Rivers Capital, is the author of 60+ publications and patents with 750+ combined citations.[17] Three employees (Scott Martin,[18] David Freed,[19] and Mike McGroddy[20]) have been named to Forbes 30 under 30.
References
[edit]- ^ "8 Rivers". Retrieved 2019-08-08.
- ^ "8 Rivers Portfolio". Retrieved 2019-08-08.
- ^ [1], "System and method for high efficiency power generation using a carbon dioxide circulating working fluid", issued 2013-03-15
- ^ Patel, 04/01/2019 | Sonal (2019-04-01). "Inside NET Power: Gas Power Goes Supercritical". POWER Magazine. Retrieved 2019-08-08.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "CARBON CAPTURE: 'Revolutionary' pilot uses CO2 to drive turbines". www.eenews.net. Retrieved 2019-08-08.
- ^ "Experimental no-emissions power plant in La Porte fired up successfully - HoustonChronicle.com". www.chron.com. 2018-06-01. Retrieved 2019-08-08.
- ^ Schwartz, John (2017-01-02). "Can Carbon Capture Technology Prosper Under Trump?". The New York Times. ISSN 0362-4331. Retrieved 2019-08-08.
- ^ "Financial Times". Financial Times. Retrieved 2019-08-08.
- ^ Allam, Rodney; Martin, Scott; Forrest, Brock; Fetvedt, Jeremy; Lu, Xijia; Freed, David; Brown, G. William; Sasaki, Takashi; Itoh, Masao (2017-07-01). "Demonstration of the Allam Cycle: An Update on the Development Status of a High Efficiency Supercritical Carbon Dioxide Power Process Employing Full Carbon Capture". Energy Procedia. 13th International Conference on Greenhouse Gas Control Technologies, GHGT-13, 14-18 November 2016, Lausanne, Switzerland. 114: 5948–5966. doi:10.1016/j.egypro.2017.03.1731. ISSN 1876-6102.
- ^ "DOE selects 13 developing cleaner coal-fired R&D projects for nearly $2M funding". www.power-eng.com. Retrieved 2019-08-08.
- ^ "8 Rivers Thor Launch". Retrieved 2019-08-08.
- ^ "Energy Mix (10/23) - Cohosted by 8 Rivers Capital | energy.duke.edu". energy.duke.edu. Retrieved 2019-08-08.
- ^ "Durham Announces Partners for Innovation Partnership Program". City of Durham.
- ^ [2], "Diverged-beam communications system", issued 2015-01-09
- ^ "8 Rivers Hydrogen". Retrieved 2019-08-08.
- ^ "50 Most Daring Entrepreneurs". Entrepreneur. 2017-11-02. Retrieved 2019-08-08.
- ^ "Miles Palmer - Google Scholar Citations". scholar.google.com. Retrieved 2019-08-08.
- ^ Helman, Christopher. "Forbes 30 Under 30 In Energy 2018: Fueling A More Sustainable Future". Forbes. Retrieved 2019-08-08.
- ^ Tilley, Aaron. "30 Under 30 Energy 2017: The Best Minds Planning How To Power Our Country". Forbes. Retrieved 2019-08-08.
- ^ "30 Under 30 2017: Energy". Forbes. Retrieved 2019-08-08.