This company utilizes geothermal energy derived from volcanic sources to secure and localize the supply chain for critical minerals. Their process supports key industries including renewable energy, aerospace, electronics, and medical technology. Ascension provides a domestic source for essential materials required in advanced manufacturing and high-tech applications.
Funding
Funding not disclosed
Founders
Product
Problem
The increasing demand for critical materials used in renewable energy, aerospace, electronics, and medical applications necessitates sustainable and responsible recovery methods. Traditional extraction processes can be environmentally damaging and may not be economically viable for certain geological formations.
Solution
Ascension develops novel technologies to sustainably recover critical materials and geothermal energy from volcanic systems. The company focuses on harnessing the unique metal endowment of volcanic systems to provide a responsible alternative to conventional mining. Their approach aims to minimize environmental impact while maximizing the extraction of valuable resources needed for various industries. By targeting volcanic systems, Ascension seeks to unlock previously inaccessible sources of critical materials and geothermal energy.
Target Audience
The primary customers are companies in the renewable energy, aerospace, electronics, and medical sectors that require a sustainable and secure supply of critical materials.
Features
- Technologies for harnessing metal endowment and geothermal energy from volcanic systems
- Sustainable and responsible recovery of critical materials
- Focus on volcanic tuffs for rare earth element extraction