Our global oil system is operating at near capacity—97 percent—which just isn’t sustainable. Because 70% of oil consumption in the U.S. is used for ground transportation, reducing the amount of gas used by vehicles is key to heading off an impending crisis. Boston-based Vecarius, which recently won the 2013 Sustainable America/Greentown Labs Fellowship, is working to tackle this problem by turning vehicles’ exhaust waste heat into energy, technology that can reduce fuel usage in vehicles by 5 to 10 percent. We talked to CEO Steven Casey to learn more about his innovative product.
We’re thrilled to announce the winner of the 2013 Sustainable America/Greentown Labs Fellowship. Vecarius, a vehicle waste-heat recovery company based in Boston, was chosen from a field of nine finalists who pitched their business ideas to a room of 60 entrepreneurs, investors, engineers, and students at a networking event Thursday at Greentown Labs in Somerville, Mass.
Northeast-based cleantech startups have a little more time to enter the fellowship program Sustainable America is producing with Greentown Labs. The competition is open to start-ups engaged in sustainable solutions focused on transportation or agriculture.
Today, we’re excited to announce that Sustainable America is partnering with Greentown Labs, a Massachusetts-based cleantech business incubator, to offer a year-long fellowship program for start-ups engaged in sustainable solutions focused on transportation or agriculture.