Oberon Fuels and Sunvapor Commission Solar Steam Project with First Purchase Agreement in the US

First-of-its-kind agreement eliminates capex for solar steam while enabling renewable fuels provider to increase output up to 2x and remove up to 90% of carbon used for process energy

SAN DIEGO, April 24, 2024 /PRNewswire/ -- Today, Oberon Fuels, a renewable fuels producer, and Sunvapor, a renewable heat provider, commissioned a solar steam project under the first purchase agreement in the U.S. for industrial solar steam. This agreement will eliminate upfront capital requirements to deploy solar steam, while enabling Oberon to as much as double output capacity and slash the carbon intensity of renewable fuels?critical for industrial customers seeking renewable fuels to achieve pressing net-zero commitments.

"This project is a triple-win for Oberon," said Elliot Anise-Hicks, Oberon Fuels co-founder and chief technical officer. "Working with Sunvapor, we can further slash the carbon intensity of our fuels while doubling our throughput, all with no capital expenses. Innovative partnerships like this are essential to help us scale to meet the soaring appetite for low-carbon fuels like renewable propane and methanol across major industries."

Under the partnership, Sunvapor integrated solar steam technology into Oberon's Maverick Innovation Center in Brawley, California, to produce renewable DME which can reduce the carbon intensity of propane when blended. As designed, a notable portion of the fuel produced by Oberon's process can go into providing steam to power the facility itself. By using solar to generate process heat instead, Oberon can convert all of the renewable carbon in feedstock into fuel, in turn increasing output by as much as double. Moreover, using zero-carbon solar steam can improve Oberon's already low carbon intensity by removing as much as 90% of the carbon used for process energy in large-scale deployments.

"We've designed our technology and first-of-its-kind financing in the USA to eliminate the risk of adopting solar steam and provide compelling economics to our customers," said Philip Gleckman, Ph.D., co-founder and CEO of Sunvapor. "With bountiful sunshine, low land costs, a need for process heat, and a commitment to decarbonization, Oberon is an ideal partner to begin scaling our solutions for the massive industrial process heat market."

Oberon's rDME® fuel can reduce the carbon intensity of propane by up to 60% when blended, offering potential reductions in global CO₂ of 750 million metric tons per year. By 2050, renewable DME and propane could meet half the world's demand for propane, according to the World Liquid Gas Association. Additionally, Oberon's technology can produce renewable methanol to serve as a clean fuel for the maritime industry, which makes up roughly 3% of global carbon emissions. According to the Methanol Institute, green methanol can reduce carbon dioxide emissions from container ships up to 95% compared with conventional fuels.

About Oberon Fuels
Oberon Fuels is on a mission to decarbonize the fuel and energy sectors through the commercialization of innovative fuels such as renewable DME and methanol. Oberon's low-carbon or carbon-negative Oberon rDME® fuel can reduce the carbon intensity of propane by up to 60% when blended, offering potential reductions in global CO₂ reductions of 750 million metric tons per year. Renewable DME also provides a compelling means for transporting hydrogen for its many fast-growing applications as well as producing low-carbon methanol for the maritime industry. Oberon has partnered with companies around the world including Suburban Propane, DCC Energy, Lipigas, Volvo Trucks, Mack Trucks, and Ford. Learn more at oberonfuels.com.

About Sunvapor
Sunvapor is a pioneering renewable energy technology and project developer, focusing on the difficult-to-decarbonize industrial sector. Sunvapor provides engineering, procurement, construction and commissioning management services to build and operate turnkey solar process heating, cooling, and desalination plants. Sunvapor has won several awards and prizes from the US Department of Energy (DOE) and the California Energy Commission. More information is available at www.sunvapor.net.

SOURCE Oberon Fuels