The major inhibitor to fuel cells is electrocatalysts. There is a desperate search in industry to find new alternatives and Metal Organic Frameworks are excellent candidates for ion conducting solutions to replace high cost platinum. MOF CONEKTIC® F250 demonstrates low-cost, stability and increased oxygen reduction reaction.
Primary Application Area: Materials, Chemical
Technology Development Status: Prototype
FIGURES OF MERIT
Value Proposition: In the race to improve environmental conditions, automotive manufactures have been forced to look at improving fuel economies and eliminating pollution. The fuel cell, which only produces water as a waste product after propulsion, is the most exciting candidate for clean vehicles. By 2050, not only is it expected that regulation will impede combustion engines, but many automotive manufactures believe fuel cells will be the norm. The major inhibitor to fuel cells are their costs and because electrocatalysts account for half of the cost of the fuel cell stack, there is a desperate search in industry to find new alternatives. framergy’s novel metal organic framerowk (MOF) CONEKTIC® F250 is the most promising new material to demonstrate manufacturability, acidic stability and increased oxygen reduction reaction.
In 1Q2016, platinum sold at a spot price of approximately $29/g; when compared to the wholesale cost of F250, ~$0.1/g, this material could create a paradigm shift in the ability to deliver a low cost fuel cell. Considering the high cost and possibly more impactful, the limited global reserves of platinum, framergy’s iron MOF material could unlock the huge fuel cell potential for industry.
Organization Type: Mid-stage Startup (A or B)
Showcase Booth #: 29M
GOVT/EXTERNAL FUNDING SOURCES
Vetted Programs/Awards: 2012: i2i (innovation to ideas) Award at SXSW Eco. 2013: TechConnect National Innovation Award. 2013: CTSI Defense Energy Technology Challenge Winner. 2014 & 2015: TechConnect National Innovation Award.
SBIR/STTR Awards: $150,000, National Science Foundation, 2015: SBIR "A Novel Metal Organic Framework Material for the Separation and Recovery of Unprocessed Natural Gas During Oil & Gas Production"
External Funding to Date: framergy was initially funded through its commercialization partner, J.M.Ornstein. In 2011, framergy has raised several hundred thousand dollars from Angel investors. In 2013, framergy closed its Series A $1.6M round with an investment from an Auto OEM.