Joule among 50 most innovative companies in the world
Joule announced its inclusion among Massachusetts Institute of Technology Technology Review's 2010 TR50-an inaugural list of the 50 most innovative companies in the world. Operating since 2007, Joule was chosen alongside noted industry-changers such as Google, Apple and Twitter, reflecting its potential to reshape the oil industry with solar fuels and chemicals, including fungible diesel and ethanol that surpass today's barriers to abundant, sustainable and cost-competitive supply. Joule's proprietary production process directly converts sunlight and waste carbon dioxide into liquid fuels-removing costly feedstocks and inefficient processing steps from the equation. As a result, Joule effectively bypasses the cost and resource constraints that have hindered biofuels-pioneering a new, breakthrough category of drop-in replacement fuels at unprecedented quantities and costs.