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Oxylus Energy

Oxylus Energy develops innovative carbon utilization technology, converting captured CO2 into carbon-neutral e-fuels and green chemical feedstocks like e-methanol. Our proprietary electrolysis, powered by renewable electricity, enables a circular carbon economy to decarbonize hard-to-abate industries such as shipping and aviation, with the potential to reduce up to 1 gigaton of CO2 emissions. Our patent-pending catalyst ensures high efficiency and cost-effective e-methanol production.
2023
2-10
New Haven, Connecticut, United States

https://oxylusenergy.com/

Carbon CaptureEnergy ManagementFuelSustainability
Innovation
Investment Funding
People
Products
Awards and Recognitions
M&A and Collabs
News

Innovation

Industry Problem

Oxylus Energy is tackling the challenge of reducing CO2 emissions from hard-to-decarbonize industries by converting captured carbon dioxide into affordable, carbon-neutral fuels, addressing both climate change and fossil fuel dependency.

R&D Focus

Oxylus Energy’s Area of Research and Development is carbon dioxide conversion technology for sustainable fuels, specifically focusing on high-efficiency electrochemical conversion of CO2 into green chemicals and carbon-neutral fuels (e-methanol). Their niche segment is scalable, modular carbon capture and conversion systems powered by renewable energy to enable circular carbon economies and decarbonize hard-to-abate industries such as shipping, aviation, and manufacturing.

Innovative Solution

Oxylus Energy addresses climate change by developing a proprietary, highly efficient electrolysis technology that converts captured CO2 from industrial emissions into carbon-neutral fuels and green chemical feedstocks such as e-methanol. Powered by affordable renewable electricity, their scalable and modular carbon conversion “factories” enable the recycling of carbon, creating sustainable alternatives to fossil fuels and helping hard-to-decarbonise industries reduce their carbon footprint while supporting a circular carbon economy.

Solution Effectiveness

Oxylus Energy’s technology has the potential to reduce up to 1 gigaton (1 Gt) of CO2 emissions from entering the atmosphere by enabling scalable and cost-effective carbon capture and conversion. This impact targets some of the hardest-to-decarbonise sectors, such as shipping, aviation, and heavy industry, which together contribute approximately 11% of global emissions. Their proprietary electrolyzer offers significantly higher energy efficiency compared to legacy technologies, making carbon-neutral fuel production economically viable and accelerating industrial decarbonization at scale.

Investment Funding

Last Funding Stage

Seed

Total Funding Amount

$4.5M

Last Funding Amount

$4.5M

Last Funding Date

September, 2024

Startup Stage

Seed

Lead Investors

Connecticut Innovations, Toyota Ventures, Azolla Ventures, Earth Foundry

Revenue

$1M to $10M

People

Founders

  • Conor Rooney
  • Harrison Meyer
  • Perry Bakas

Board Members

  • Mike Matson
  • Amy Duffuor
  • Lisa Coca

CEO

  • Perry Bakas

Products

Product

– Product: E-Methanol – Carbon-neutral fuel and chemical feedstock for industries such as shipping, aviation, manufacturing, plastics, and other hard-to-decarbonise sectors. – Customer Reviews – NA

Star Product

E-methanol is Oxylus Energy’s star product because it offers a high-impact, scalable solution for decarbonizing hard-to-abate sectors such as shipping, aviation, and manufacturing. Produced using their patent-pending, highly selective CO2 electrolysis technology, it achieves up to 84% selectivity and 50% energy efficiency, making it a cost-effective ($0.51/L), carbon-neutral alternative to fossil fuels.

Demo Product or Complete Product?

Oxylus Energy achieved a significant milestone in December 2023 by successfully validating its proprietary catalyst and electrolyzer technology in a 5 cm² cell, marking a critical step toward the deployment and commercialization of its renewable methanol fuel production process. This validation demonstrated the capability to convert captured carbon dioxide into methanol using an electrolyzer at room temperature and pressure at a production-level scale.

Awards and Recognitions

Awards

– “Best CO₂ Utilisation 2025” Innovation Award — 3rd Prize – Forbes “30 Under 30” (US, Energy/Green-Tech) 2024 – World Economic Forum — Top CCUS Innovator 2024 – Heatmap “Top 5 Climate Technologies You’ll Hear About in 2025” – Carbon to Value (C2V) Initiative — Year 4 Cohort. – DOE EnergyTech University Prize — Eastern Regional Finalist 2024

Media Apperance

– ESG Dive – Business Wire – Prime Coalition – Yale News – Tech Crunch – Carbon Capture Magazine

M&A and Collabs

Collab

In 2025, Oxylus Energy collaborated with Element 1 Corp, a leader in on-site hydrogen generation systems, to explore the use of Oxylus’s green methanol as a feedstock for point-of-use hydrogen production. This collaboration aims to enable on-demand hydrogen generation for applications lsuch as fuel-cell-powered vehicles, decentralized power systems, and maritime vessels, thereby creating a scalable, low-carbon energy solution .

Collab

Oxylus Energy has collaborated with Black Girl Environmentalist through the Hazel M. Johnson Fellowship in 2025, to host interns focusing on electrochemistry, environmental strategy, and automation engineering. This collaboration supports diversity in climate innovation and contributes to the development of Oxylus’s CO₂ electrolysis technology .