Luca Technologies

About:

Luca Technologies uses microorganisms that reside in subsurface hydrocarbon deposits to sustainably produce natural gas.

Website: http://lucatechnologies.com

Top Investors: Kleiner Perkins, One Equity Partners, BASF Venture Capital, Oxford Bioscience Partners

Description:

LUCA Technologies is developing long-term, biotechnology-driven solutions to rising U.S. dependence on foreign energy sources. Addressing the $150 billion domestic natural gas market, the company is leveraging the ability of naturally occurring microorganisms to convert under-utilized domestic oil, organic-rich shale and coal resources to clean, renewable energy. The company initially expects to provide consulting services to existing energy producers, helping them to evaluate their current oil, organic-rich shale and gas holdings for the presence of natural Geobioreactors or the potential for Geobioreactor stimulation.