KiOR Catalyzing Clean Energy Ramana Nanda Toby Stuart 2009
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KiOR (NYSE: KIOR), an American start-up in the field of fuel cells, which combines hydrogen fuel cells, and is designed to reduce greenhouse gas emissions, have released a prototype of a hydrogen fuel cell powered car. The car’s design includes a fuel cell stack that converts hydrogen into electricity. This has created a lot of excitement, and this is the talk of the town! The car is based on the original car concept designed by Professor Ramana Nanda, of the Department of Mechanical Engineering at
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I joined KiOR Catalyzing Clean Energy, Inc. In January 2009 to help bring their renewable energy project from prototype to field, to lead a large-scale renewable energy company into the marketplace. I was thrilled to begin working on an exciting and innovative project in the energy industry — the development of an amorphous solar material that uses light as a power source. To my surprise and delight, KiOR had the right approach to solving the problem. They used natural phenomena, a different process, to produce highly efficient,
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“The only true and secure way of cleaning our air is by utilizing renewable energy as the fuel. Cleaner air is the ultimate resource that we need now more than ever,” said Ramana Nanda, chairman of KiOR. “With the development of new renewable energy technologies, the cost of energy has dropped 98 percent over the past 30 years,” said Toby Stuart, chief executive officer of KiOR. KiOR’s catalyst technology harnesses the power of hydrogen fuel cells to convert natural gas into hydro
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Problem Statement of the Case Study
As an ex-New Jersey governor, I have always believed in entrepreneurship, innovation, and progress. KiOR (Kinetic Industries, Inc.) is the best of all three. Founded in 1996 by chemistry professor Dr. Carl Eschenbach, KiOR makes fuel cells, advanced materials, and battery technologies that are environmentally friendly. KiOR’s carbon nanotubes can be used to produce fuel cells and hydrogen production, leading to reduced carbon dioxide emissions. KiOR has developed a patented catal