Founded Year

2018

Stage

Series B | Alive

Total Raised

$12.65M

Valuation

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-1 points in the past 30 days

About Prometheus

Prometheus specializes in the conversion of renewable electricity and atmospheric carbon dioxide into zero net carbon fuels within the energy sector. The company offers sustainable alternatives to traditional gasoline, diesel, and jet fuel that can compete with fossil fuels on price. It was founded in 2018 and is based in Santa Cruz, California.

Headquarters Location

601 Swift Street

Santa Cruz, California, 95060,

United States

Loading...

ESPs containing Prometheus

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Energy Tech

The direct air capture tech providers market develops solutions that remove carbon dioxide (CO2) directly from ambient air using specialized capture methods such as chemical scrubbers, solid sorbents, and electrochemical systems. These providers offer carbon removal as a service and supply technology that permanently stores CO2 underground or converts it into valuable products like synthetic fuels…

Prometheus named as Challenger among 15 other companies, including Climeworks, Carbon Engineering, and CarbonCapture.

Loading...

Expert Collections containing Prometheus

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Prometheus is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,276 items

O

Oil & Gas Tech

4,702 items

Companies in the Oil & Gas Tech space, including those focused on improving operations across upstream, midstream, and downstream sectors, as well as those working on sustainable fuels.

A

Advanced Materials

1,420 items

Companies in the advanced materials space, including polymers, biomaterials, semiconductor materials, and more

H

Hydrogen Energy Tech

3,196 items

Companies that are engaged in the production, utilization, or storage and distribution of hydrogen energy. This includes, but is not limited to, companies that manufacture hydrogen, those that convert hydrogen into usable energy, and those that store and distribute hydrogen.

C

Carbon Capture, Utilization, and Storage (CCUS)

860 items

Companies in the Carbon Capture Utilization and Storage (CCUS) space, including those that are developing technologies to capture, utilize, and store carbon, as well as those creating carbon negative products.

D

Decarbonization Tech

2,551 items

Companies in the Decarbonization & ESG space, including those working on enterprise and cross-industry decarbonization and emissions monitoring solutions, as well as ESG monitoring and carbon accounting.

Latest Prometheus News

United States (USA) Sustainable Aviation Fuel Market worth $6.97 billion in 2030 - Exclusive Report by MarketsandMarkets™

Apr 25, 2025

News provided by Share this article Share toX DELRAY BEACH, Fla., April 25, 2025 /PRNewswire/ -- The  US sustainable aviation fuel market is forecasted to reach USD 6.97 billion in 2030 from USD 0.86 billion in 2024, growing at a CAGR of 46.8% according to a new report by MarketsandMarkets™." The US sustainable aviation fuel market is driven by several key factors. Firstly, rising concerns about carbon emissions have prompted a shift from conventional fossil fuels to alternative fuels in both military and civil aviation, supporting the transition towards more sustainable aviation solutions. View detailed Table of Content here -  https://www.marketsandmarkets.com/Market-Reports/sustainable-aviation-fuel-market-70301163.html The US government's commitment to reducing emissions has led to the introduction of tax credits for sustainable aviation fuel, incentivizing production and adoption. Furthermore, airlines like United Air, KLM, and JetBlue have begun integrating sustainable aviation fuel in 50% blends with conventional fuels, demonstrating its feasibility and viability. The successful demonstration by United Airlines, operating the first commercial flight with 100% sustainable aviation fuel, has proven the technology's effectiveness and contributed to its wider acceptance. Lastly, the US government's net-zero emissions target by 2050 and support for sustainable fuel initiatives are expected to lead to price reductions and further increase demand for sustainable aviation fuels. Biofuel type accounted for the dominant share of the US sustainable aviation fuel market in 2024. Based on the fuel type, the sustainable aviation fuel market is divided into biofuel, hydrogen fuel, power-to-liquid and gas-to-liquid. In 2024, the biofuel type segment dominated the sustainable aviation fuel market, and the power-to-liquid type segment is anticipated to grow at the highest CAGR during the forecast period in US. The established infrastructure for producing and distributing biofuels is a key factor driving its dominance, along with government incentives and subsidies supporting biofuel production. Additionally, biofuels' compatibility with existing aviation infrastructure allows for easier adoption compared to newer fuel types like hydrogen. The cost-effectiveness and sustainability of biofuels, coupled with their lower carbon emissions, further contribute to their dominance in the market. Moreover, the ongoing advancements in biofuel technologies and scalability in production processes are expected to support the increasing demand for sustainable aviation fuel in the US. Above 50% biofuel blending capacity segment is likely to grow at a significant CAGR during the forecast period in US sustainable aviation fuel market. Based on biofuel blending capacity, the US sustainable aviation fuel industry is categorized into below 30%, 30 – 50% and above 50%. During the forecast period, the above 50% biofuel blending capacity segment accounted for the fastest-growing CAGR in the sustainable aviation fuel market in the US. The increased regulatory support and subsidies for higher biofuel blends are driving the growth of the segment. Additionally, the growing demand for more sustainable and environmentally-friendly aviation fuels is contributing to the adoption of higher biofuel blending capacities. Moreover, advancements in biofuel production technologies and scalability of biofuel production have made it more cost-effective and feasible to blend biofuels at above 50% levels in aviation fuel. Furthermore, airlines' commitments to sustainability and the need to meet carbon reduction targets are also pushing the demand for higher biofuel blends in the market. Sustainable aviation fuel companies  players include World Energy, LLC (US), Fulcrum BioEnergy (US), Gevo (US), Red Rock Biofuels (US), WasteFuel (US), and Prometheus Fuels (US). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=70301163 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. Contact:

Prometheus Frequently Asked Questions (FAQ)

  • When was Prometheus founded?

    Prometheus was founded in 2018.

  • Where is Prometheus's headquarters?

    Prometheus's headquarters is located at 601 Swift Street, Santa Cruz.

  • What is Prometheus's latest funding round?

    Prometheus's latest funding round is Series B.

  • How much did Prometheus raise?

    Prometheus raised a total of $12.65M.

  • Who are the investors of Prometheus?

    Investors of Prometheus include BMW i Ventures, Maersk Growth, Metaplanet and Y Combinator.

  • Who are Prometheus's competitors?

    Competitors of Prometheus include Zero Petroleum.

Loading...

Compare Prometheus to Competitors

Infinium Logo
Infinium

Infinium produces electrofuels within the renewable energy and transportation sectors. The company creates synthetic fuels using waste carbon dioxide and green hydrogen from renewable sources, which are compatible with existing combustion engines and plastics manufacturing processes. Infinium's electrofuels can replace traditional petroleum-based fuels. It was founded in 2020 and is based in Sacramento, California.

INERATEC Logo
INERATEC

INERATEC produces sustainable e-Fuels and synthetic chemicals within the renewable energy sector. The company offers power-to-X plants that convert renewable hydrogen and greenhouse gases into synthetic fuels and chemicals, such as e-kerosene, CO2-neutral diesel, synthetic waxes, and methanol. INERATEC serves sectors requiring sustainable energy solutions, including aviation, maritime, and automotive industries. It was founded in 2015 and is based in Karlsruhe, Germany.

Velocys Logo
Velocys

Velocys produces sustainable aviation fuel within the energy sector. The company provides technology that enables the creation of fuels that can be utilized in existing engines without modifications. Velocys primarily serves the aviation industry and the heavy goods transportation sector with its fuel solutions. It was founded in 2004 and is based in Oxford, United Kingdom.

Twelve Logo
Twelve

Twelve is a carbon transformation company that converts CO2 into products through electrochemistry in the energy sector. The company offers aviation fuel and CO2Made materials, which are noted for having lower lifecycle emissions than conventional products. Twelve serves industries aiming to decarbonize their operations and implement energy solutions. Twelve was formerly known as Opus 12. It was founded in 2015 and is based in Berkeley, California.

Zero Petroleum Logo
Zero Petroleum

Zero Petroleum produces synthetic fuels within the energy sector. The company offers a range of fuels, including motor fuel, aviation gasoline, jet fuel, and diesel, synthesized from air and water using renewable energy. It serves the fuel industry. The company was founded in 2020 and is based in London, United Kingdom.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.