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§ Private Profile · Ithaca, NY, USA
Clean energy technology company using solar thermocatalysis to transform CO2 into sustainable aviation fuel.
Founded in 2014 by Jason Salfi in Ithaca, New York, Dimensional Energy develops technology that transforms captured carbon dioxide and green hydrogen into sustainable aviation fuel and consumer goods. The private decarbonization company currently operates with a core team of one to ten employees and generates less than $5 million in estimated annual revenue. To scale its proprietary processes for broader industrial applications, the firm secured an oversubscribed $20.1 million Series A funding round backed by prominent corporate investors including United Airlines and Microsoft. Additionally, the enterprise received a $2.7 million grant from the United States Department of Energy to develop a solar jet fuel reactor in partnership with Heliogen. The Carbon X Prize finalist also received a $50,000 investment from Ithaca Area Economic Development to further its goal of fueling a fossil-free future.
Dimensional Energy has raised $21.0M across 2 funding rounds.
Dimensional Energy has raised $21.0M in total across 2 funding rounds.
Dimensional Energy has raised $21.0M in total across 2 funding rounds.
Dimensional Energy's investors include Yong Hyun Kim, 2150, BP Ventures, Crow Holdings, Cupule Ventures, Earthshot Ventures, Jenny Fielding, Scott Hartley, Microsoft, Powerhouse Ventures, Chloe Capital, Delek US.
Dimensional Energy has raised $21.0M across 2 funding rounds. Most recently, it raised $20.0M Series A in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2023 | $20M Series A | Yong Hyun KIM | 2150, BP Ventures, Crow Holdings, Cupule Ventures, Earthshot Ventures, Jenny Fielding, Scott Hartley, Microsoft, Powerhouse Ventures, Chloe Capital, Delek US, DSC Investment, Dawn Lippert, NEW York Ventures, Justin Heyman, Andrew Chang | Announced |
| Jul 1, 2019 | $1M Seed | — | NCT Ventures | Announced |
Dimensional Energy is a cleantech company that develops and licenses proprietary catalyst technologies to convert carbon dioxide (CO2) emissions and renewable energy into synthetic hydrocarbons, such as sustainable aviation fuel (SAF), renewable diesel, waxes, and chemical feedstocks like naphtha for plastics and lubricants.[1][2][3] It serves industrial partners in aviation, chemicals, and manufacturing by enabling "carbon-to-liquids" projects that replace fossil fuels, reducing carbon intensity in fuels and products for sectors like cosmetics, coatings, adhesives, and transportation.[1][4][6] The company solves the problem of excess CO2 contributing to climate change by repurposing it into drop-in replacements for oil-based products, with growth marked by a $20 million Series A in 2023 from investors including United Airlines’ Sustainable Flight Fund and Microsoft’s Climate Innovation Fund, plus expansion via a Tucson pilot plant operational since 2022.[1][4][5]
Dimensional Energy emerged from a core question: "What if instead of drilling for new oil and gas, we used circulating hydrocarbons like CO2 to make renewable oil from the air?"[3] Founded in 2014 (with some sources noting 2016) in Ithaca, New York, by a team blending catalyst science, engineering, and commercialization expertise, the company refined its reactors and high-alpha Fischer-Tropsch (DEFT) catalysts over years of lab work and real-world demos.[1][2][5] Pivotal early traction included finalist status in the Carbon Xprize, grants from NSF, ARPA-e, and DOE's Solar Energy Technology Office, funding from Elemental Excelerator in 2021, and a 2022 agreement with United Airlines for SAF production.[5] That year, it joined the University of Arizona Center for Innovation (UACI), opening its Tucson Technology Center and pilot plant at UA Tech Park to demonstrate CO2-to-fuels using solar-powered processes.[1][4]
Dimensional Energy stands out in carbon utilization through patented, scalable tech and a licensor model:
Dimensional Energy rides the net-zero transition trend, capitalizing on surging demand for SAF and de-fossilized chemicals driven by mandates, airline commitments, and policies like the EU's ReFuelEU and U.S. Inflation Reduction Act.[2][5][6] Timing is ideal amid CO2 prices rising, direct air capture scaling, and renewables maturing—its solar-compatible tech aligns with Arizona's solar boom and global hydro/wind shifts.[1][5] Market forces favoring it include aviation's net-zero 2050 pledges (e.g., United's investment) and shortages in sustainable feedstocks for lubricants/plastics, positioning it to disrupt $trillion oil-derived markets by balancing the carbon cycle without new emissions.[3][4][5] It influences the ecosystem by enabling incumbents (cement, airlines) to decarbonize, fostering carbon-to-liquids hubs and local innovation clusters like UA Tech Park.[1][4]
Dimensional Energy is poised to scale via commercial licensing deals, with its Tucson pilot paving the way for full plants using stranded renewables and industrial CO2—expect partnerships expansions like the Canada cement demo and more airline off-takes.[3][5] Trends like SAF mandates (projected 10-20% blend by 2030), falling green hydrogen costs, and carbon border taxes will accelerate adoption, potentially evolving it into a platform leader for circular carbon economies.[2][6] As de-fossilization pressures intensify, its community-focused model could amplify global impact, transforming yesterday's emissions into tomorrow's staples and redefining energy from extraction to utilization.[5] This builds on its origin vision, making "renewable oil from air" a reality.