Gensoric's willpower system is voted finalist in the Massachusetts Institute of Technology's (MIT) ClimateCoLab competition.

"Use, Not reduce" - the worldwide first CO2-to-fuel conversion technology for residential users gains international appreciation.

"We are still overwhelmed and feel honored to be among the few international contestants of this prestigious competition" says Lars Krueger, CEO of Gensoric GmbH, the German company which develops this revolutionary technology. Their ambitious vision is to empower private persons to produce their own CO2-neutral fuel for heating and warm water independently of a centralized supply and way before the extinction of fossil fuels.

Antonio Martinez-Arbizu, CFO and Director of the major shareholder, adds: "You may also take the methanol fuel produced by our system to run your car or boat. CO2-neutral, environmentally friendly for the first time. In addition to multiple advantages, it's like having your own backup gas station in case of shortage. Compared to other alternatives like hydrogen, storage and handling of methanol is completely safe."

Apart from offering energy independence, the willpower system also allows for the seasonal storage of energy produced out of the renewable sources CO2 and water, which are reused once methanol is burned. As opposed to other approaches, the willpower system does not require complex process technology, safety measures nor the consumption of scarce materials. The core of the system are catalytic enzymes on specific electrodes that efficiently produce methanol, leading eventually to a solution whose costs are highly competitive with conventional energy supply systems. In addition, the willpower system offers a sustainable business model even for utility corporations who need an economically viable use of their excess energy.

Together with research partners such as Fraunhofer Institutes and KIC InnoEnergy, the company has transferred space technology out of the lab and brought it into the real world. In March, the company, co-founded by the early stage technology investor Innoveas, was awarded the highly competitive European Horizon 2020 SME-Instrument grant and is now embarking into a $2.7 million pilot plant investment for the next two years. The company also plans a crowd-funding campaign as well as further capital actions to finance the last mile to market.

M.I.T. ClimateCoLab
The goal of the Climate CoLab is to use the collective intelligence of thousands of people from all over the world to address global climate change. Inspired by systems like Wikipedia and Linux, the Massachusetts Institute of Technology (MIT) Center for Collective Intelligence has developed this crowdsourcing platform where people work with experts and each other to create, analyze, and select detailed proposals for what to do about climate change:
http://climatecolab.org/contests/2016/buildings/c/proposal/1330404

Willpower energy - a strategic project of Gensoric GmbH
Our vision is a world independent from fossil fuels. Our goal is to replace centrally supplied fossil fuels used for heating. To make this vision come true, we introduce the world's first residential power-to-liquid and CO2 usage system. The willpower system empowers everyone to produce own fuel at home from surrounding resources: CO2, water, and excess electricity. The core is an internationally patent-protected electro-biocatalytical process technology that converts atmospheric CO2 into methanol. The clean and easy-to-handle energy carrier methanol can be stored and used for heating or electricity generation. CO2 can be regularly captured from the atmosphere or re-captured continuously from conversion (fuel cell, burning) processes. To this end, we use a technology used by the European Space Agency (ESA) that captures atmospheric CO2 efficiently. Best of all is that the system can be installed directly in your house to produce your own fuel.

Gensoric GmbH
Based on more than 20 years of research in Electrochemistry, the company aspires to push boundaries in science and industry using Electrochemistry. Our specialty is to precisely use and control thermal energy in electrochemistry processes following the R&D work of its founder, Prof Flechsig of University at Albany (N.Y.). Gensoric is a portfolio company of Innoveas International Ltd., an early stage technology investor.

Innoveas International Ltd.
Innoveas is a unique international company transforming world class technologies and innovative scientific ideas into game-changing companies. With currently 26 companies under its roof, Innoveas International offers an unrivalled resource for the commercialization of innovative, early-stage science and technology and is an established partner with the experience to deliver both financial and non-financial impacts on a substantial scale. Innoveas is present where it matters most: in Germany benefiting from the largest publicly funded R&D programs in Europe, in London, the largest European capital market, and in the USA, the world's most significant capital, healthcare and technology market.

Contact:

Lars Krüger, CEO
Tel. +49 381 - 4974743
Email: l.krueger (at) willpower-energy.com; l.krueger (at) gensoric.com
www.willpower-energy.com; www.gensoric.com
Twitter: @wpnergy
#UseNotReduce
Key Words: CO2 utilization, power to liquid, residential seasonal energy storage

Antonio Martinez-Arbizu, CFO
Tel. +49 381 - 4974-747
Email: a.martinez (at) innoveas.com
www.innoveas.com