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Sundrop Fuels
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Developer of a synthetic fuel production system which uses concentrated solar thermal energy to gasify biomass

Founded in 2008
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Company type Out of Business Public ()
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Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Louisville, CO Louisville, United States
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Updated by Cleantech Group on 11/15/2024

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Date Partner Type
07/10/2013
IHI Corporation IHI Corporation
Sundrop Fuels has selected IHI Corporation subsidiary IHI E&C International as the contractor of choice for the company's inaugural gas to gasoline plant project in Alexandria, Louisiana.
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Confirmed by IHI Corporation
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Date Investors Type Amount
07/11/2011 Chesapeake NG Ventures Chesapeake NG Ventures , Oak Investment Partners Oak Investment Partners (2)
Post-money valuation of
Chesapeake participated at $155 million, or 89% of the round total, while Oak Investment Partners participated at $20 million, or 11%.
 Growth Equity $175,000,000
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