Our vision is to make Europe independent from fossil fuels, especially oil and natural gas. In a first step, we are concentrating on replacing the centralized supply of fossil fuels (natural gas, oil) for residential heating purposes. We are achieving this by enabling the house owner to produce their own fuel in an environmentally friendly way from the resources they have unrestricted access to: water, electricity (preferably from renewable resources) and CO2 from ambient air. No central supply of fossil fuels such as natural gas or oil-based products is needed any longer! The output can be stored, burnt (use for heating) or even re-converted into electricity using a methanol fuel cell.
Full independence from central energy supply possible. Due to Gensoric’s proprietary platform technology, this process can be realized under ambient conditions. No sophisticated process technologies and facilities are needed. In fact, everybody can run his or her own refinery in the backyard. The first application targets one of the biggest usage of fossil fuel: heating for residential purposes. Using the Gensoric system, the end user can achieve CO2 neutrality and a full independence from central fossil fuel supply (natural gas pipeline, oil transport) when the Gensoric system is combined with small wind turbines or already installed photovoltaic (PV) panels.
Verified during the feasibility study: our product is entirely new to the market and possesses significant advantages over incumbent and potential substitutes and alternative solutions:
- Real independency from fossil fuels
- Planable, non-volatile costs
- Store excess renewable energy
- Contribute to a CO2-neutral economy - CO2 utilization at home for everyone
- Runs under ambient conditions – low temperature and low pressure
- No continuous influx of CO2
- Easy Integration in existing infrastructure e.g. established heating systems
Disruption will take place on several levels. At the very core of the technology, CO2 is converted into methanol under ambient conditions. As the Fig. 5 below shows, this technology impacts not only the Consumer on an individual or community level. It will also open new strategic business line especially for German utility corporations that are in desperate need for new business models (the German energy transition strategy). Applied on a nation level, our technology can help diminish the dependence from fossil energy carriers such as oil and gas. Once spread throughout an entire country, totally new strategic options arise since the dependence on energy supply from regions such as Saudi Arabia or Russia is sinking.
