C&EN · Mar 2026
Explained Prometheus's new kerosene pathway, compared costs against petroleum, and noted the company was raising a Series C round with a $150 million target.
We use solar and wind power to make zero net carbon electrofuels
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Prometheus Fuels is a Santa Cruz deep-tech energy company founded in 2019 by Rob McGinnis that uses direct air capture and electrochemistry to turn air and renewable electricity into carbon-neutral liquid fuels, while also developing ultra-long-duration energy storage products.
Primary product
Carbon-neutral liquid fuels (e-diesel, e-jet fuel, methanol, and e-kerosene) made from air and electricity
Founded
2019
Headquarters
Santa Cruz, California, United States
Team size
11-50 employees
Industry
Renewables & Environment
Sub-industry
Carbon-neutral e-fuels and direct air capture
Offices
0 jobs at Prometheus
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Business model
Stage
Series C (raising)
Latest round
Series B · Sep 2021
Sep 2021 · Maersk Growth
Jun 2020 · BMW i Ventures
Mar 2019 · Y Combinator
Leadership
Founder, CEO
Chief Creative Officer (CCO)
Director of Engineering
Director of Safety and Security
Chief Technology Officer
Mission-driven, engineering-heavy, and deep-tech focused, with a strong emphasis on proprietary hardware, third-party validation, and teams drawn from Tesla, SpaceX heritage programs, NREL, and Oak Ridge National Laboratory.
Pricing
Publicly positioned as cost-competitive with fossil fuels; specific contract pricing is not publicly disclosed.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M
C&EN · Mar 2026
Explained Prometheus's new kerosene pathway, compared costs against petroleum, and noted the company was raising a Series C round with a $150 million target.
Business Wire · Jan 2026
Announced a world-first 100% electrochemical e-kerosene pathway from atmospheric CO2 and renewable electricity, claiming more than 80% lower e-fuel production costs and no hydrogen requirement.
Business Wire · Sep 2025
Announced a claimed breakthrough in DAC economics, saying it reduced direct air capture cost by more than 80% to under $50 per ton.
Business Wire · Jul 2025
Reported commercial readiness for Titan Forge Alpha, a full-scale 50-cell Faraday Reactor validating the core technology at TRL 9 and claiming over 11 million tons of e-fuel pre-sold.
MIT Technology Review · Apr 2022
Profiled Prometheus's technology claims, commercial plans, and investor backing while also highlighting expert skepticism about its cost and scale assumptions.