BEDFORD, Mass.--(BUSINESS WIRE)--Joule today announced the appointment of Tom Einar Jensen as Executive Vice President, Head of Corporate Development, providing leadership in the areas of investment, business development, strategy, communication and commercialization.
“We are pleased to welcome Tom, whose strategic vision and expertise in upstream oil and energy, combined with relevant knowledge of deploying and managing industrial products and processes, will add significant momentum to our corporate development efforts,” said Paul Snaith, President and CEO of Joule. “He joins the company at an ideal time as we seek to expand our efforts in partnering with key stakeholders to industrialize our CO2-to-fuels production platform.”
“Among the many technologies being developed in pursuit of sustainable energy, I have never seen a more potent platform than that of Joule. It is a truly unique solution to convert CO2 into the hydrocarbon fuels so vital to the mobility of our global economy,” said Mr. Jensen. “With a longer term vision of carbon neutral mobility in our time, Joule represents an incredibly exciting near term opportunity to help meet growing energy demands in balance with the environmental challenges facing the planet. It can deliver truly sustainable and not least scalable pathways to a carbon neutral future, and I really look forward to working with the entire Joule team to realize this vision.”
Mr. Jensen comes to Joule with an 18-year track record of success in corporate and business development across multiple sectors, including oil exploration and production (E&P), upstream bauxite, alumina, aluminum and energy development and production, as well as biological high performing agricultural solutions. Prior to Joule, Mr. Jensen served as the CEO of Agrinos, a biological crop input provider based on microbial products and fermentation for improving the productivity and sustainability of modern agriculture. During his tenure he led the establishment of a platform across nearly 20 countries in all major agricultural regions for deployment of Agrinos products.
Mr. Jensen is additionally the Founder and Executive Chairman of WakeUP! AS, a web and mobile platform aimed at accelerating the adoption of sustainable technologies, services and solutions through targeted use of social media. He has previously held senior management positions in finance, strategy and business development at Norsk Hydro, today one of the world’s largest aluminum companies, with focus on the upstream areas of primary metal and the company’s previous E&P division.
Mr. Jensen holds a MSc degree in Finance and Macroeconomics from the Norwegian School of Economics and Business Administration.
About Joule
Joule has pioneered a production platform for CO2-neutral fuels, effectively reversing combustion through the use of solar energy. The company’s platform applies engineered catalysts to continuously convert waste CO2 directly into renewable fuels such as ethanol or hydrocarbons for diesel, jet fuel and gasoline. Free of feedstock constraints and complex processing, Joule’s process can achieve unrivaled scalability, volumes and costs without the use of any agricultural land, fresh water or crops. Joule is privately held and has raised over $160 million in funding to date, led by Flagship Ventures. The company operates from Bedford, Massachusetts and The Hague, The Netherlands, with production operations in Hobbs, New Mexico. Additional information is available at www.jouleunlimited.com.