
CleanJoule's SpaceSAF Successfully Fuels a Rotating Detonation Rocket Engine
The successful detonation of an RDRE utilizing SpaceSAF proves that alternative fuels can deliver on both performance and emissions needs in commercial and defense applications.
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'Without affordable, domestically-produced alternative fuels, the financial and environmental costs of space missions become unsustainable,' said Mukund Karanjikar, CEO and founder, CleanJoule. "The successful detonation of an RDRE utilizing SpaceSAF proves that alternative fuels can deliver for both performance and emissions needs in commercial and defense applications.'
SpaceSAF is a drop-in replacement for liquid (RP-1 & RP-2) rocket fuels that improves mission performance including increasing payload and distance. From the same base material used to produce SpaceSAF, CleanJoule also produces a sustainable solid rocket fuel (SSRF) for use as a superior performance, drop-in replacement for existing solid rocket motors. This milestone comes at a critical time with an ecosystem emerging that is focused on expanding access to space across satellite deployment, exploration, and defense systems. As more frequent launches drive up related CO2 emissions, the need for performant alternatives to conventional rocket fuels is urgent.
'This test helps advance an important conversation in aerospace: how to pair next-gen propulsion with alternative fuels that don't compromise on performance,' said Nick Cardwell, VP of Product and Advanced Concepts, Venus Aerospace. 'CleanJoule's work on high-performance, low-emissions fuels contributes meaningfully to an evolving space and defense ecosystem, and we're pleased to see their product perform under real operational conditions.'
About CleanJoule
CleanJoule Inc., headquartered in Salt Lake City, Utah, is an advanced fuels company that enhances performance across commercial and defense aerospace. CleanJoule's breakthrough pathway produces the only full performance, 100 percent drop-in advanced fuel that can be used for commercial, military, and space applications. CleanJoule's focus is on distributed manufacturing of advanced aviation fuels using readily available domestic biomass feedstocks, further ensuring supply chain resilience. CleanJoule's manufacturing process has superior efficiency while increasing energy density and reducing carbon emissions, soot, and contrail formation. Backed by Indigo Partners, Cleanhill Partners, GenZero, Frontier Airlines, Wizz Airlines, and Volaris, CleanJoule is on a mission to create superior aerospace and defense fuels that enable domestic supply chain resiliency. For more information, visit https://cleanjoule.com/.
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2 hours ago
Profits drop at Warren Buffett's Berkshire Hathaway as it writes down its Kraft Heinz investment
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Yahoo
2 hours ago
- Yahoo
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The Hill
3 hours ago
- The Hill
Profits drop at Warren Buffett's Berkshire Hathaway as it writes down its Kraft Heinz investment
OMAHA, Neb. (AP) — Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz, as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll. Berkshire said it earned $12.37 billion, or $8,601 per Class A share, during the quarter. That's down from $30.248 billion, or $21,122 per Class A share, a year ago, because it recorded a much smaller paper investment gain this year. Berkshire's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio even though it doesn't sell most of the stocks. That's why Buffett has long recommended that investors pay more attention to Berkshire's operating earnings, which exclude those investment gains. Although last year Berkshire did surprise shareholders by selling off a huge chunk of its Apple stake which inflated the investment gains then. By that measure, Berkshire's operating earnings were only down slightly at $11.16 billion, or $7,759.58 per Class A share. That compares with $11.598 billion, or $8,072.16 per Class A share, a year ago. Most of Berkshire's myriad assortment of companies — major insurers like Geico, BNSF railroad, a group of utilities and a collection of manufacturing and retail businesses — generally performed well despite the uncertainty about the economy and President Donald Trump's tariffs. The four analysts surveyed by FactSet Research expected Berkshire to report earnings per Class A share of $7,508.10, so the Omaha, Nebraska-based conglomerate's results were ahead of that. Berkshire owns more than 27% of Kraft Heinz' stock and, for years, it had representatives on the company's board. Buffett has said previously that he believes the company's iconic brands will do well over time, but in hindsight, he overpaid for the investment and underestimated the challenges branded foods face from retailers and the growth of private label products. This spring, Berkshire's representatives resigned from the Kraft Heinz board shortly before the company announced it is exploring strategic options that may include spinning off a large part of its portfolio of brands. Over the years since Berkshire helped Kraft buy Heinz in 2015, the company has been hurt by changing consumer tastes and a shift toward healthier options than Kraft's core collection of processed foods. Buffett's is still sitting on a massive pile of $344.1 billion in cash, although the company's reserves dipped slightly from the $347.7 billion cash it was holding at the end of the first quarter. Buffett told shareholders in May he just isn't finding any attractive deals for companies he understands. Buffett surprised shareholders at the annual meeting when he announced that he plans to give up the CEO title at the end of the year and hand over operations to Vice Chairman Greg Abel, but Buffett will remain Chairman.