Jord and Phoenix BioPower Partner to Develop a Joint Commercial Platform for Plannable Power

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Today Jord and Phoenix BioPower AB (Phoenix) are excited to announce a new strategic partnership to research and develop a joint commercial platform.

Phoenix develops new technology for highly efficient biopower. The process integrates new technology to achieve a radically higher power efficiency of up to 55%. Phoenix works with a vision to create highly effective, renewable, plannable, and scalable power from biomass.

Jord develops and commercializes biofuel for energy that is being cultivated on “marginal land” in Senegal and the Dominican Republic. Jord cultivates C4-grass that can be transformed into fuel with high energy density and simultaneously removes large quantities of carbon dioxide.

Jord and Phoenix have, during 2022 and 2023, explored the possibilities for collaboration in the areas of biofuel, biomass, and renewable energy for markets with a high share of fossil fuels in their energy mix. Through this collaboration, the companies have identified several common areas of interest and mutual benefits of a commercial partnership, wherein Jord’s fuel is utilized in Phoenix’s bio power plants to produce renewable and plannable power.

Through this collaboration, the companies can cooperate to deliver a highly efficient bio power plant as well as a cost-effective and renewable fuel alternative.

Through This Letter of Intent, the Companies Will:

• Collaborate to develop a joint offering for the market.
• Jointly explore the conditions for establishing BTC facilities in Jord’s production markets.
• Jointly investigate the performance and techno-economic conditions for Jord’s fuel in a BTC facility.
• Collaborate on business models, financing models, and customer recruitment for a joint offering.
• Work towards the commissioning of the first joint facility solution within 8 years.
• Work towards Jord, or a jointly owned company, becoming a participant in Phoenix’s concept Buyers Club.
• Participate in and contribute to the implementation of the first commercial BTC facility.

The collaboration also aims to collectively increase the positive impact that the companies have on the locations in which they operate.

This collaboration agreement outlines the shared ambitions of the companies and does not entail any legally binding commitments for either party.

Jord and Phoenix are looking forward to jointly being able to offer a complete, sustainable solution throughout the value chain, from biomass to electricity.

For further details, please contact:

Rocío López
Marketing Coordinator at Jord

‍rocio.lopez@jord.one

About Jord‍

Jord is a Swedish company headquartered in Stockholm that is rebalancing the carbon cycle by producing solid biofuel and biochar from C4-grass. Jord's unique process solves three problems simultaneously:

• Degradation of land.
• Dependency on fossil fuels.
• Increasing levels of CO₂ in the atmosphere.

Within Jord's regenerative agroforestry model, nature-based solutions are combined with innovation, constantly exploring ways to make a lasting, positive impact on our planet and society. Jord also provides carbon credits for businesses committed to reducing CO₂ emissions by offsetting otherwise unavoidable carbon emissions within their value chains. By partnering with us, businesses have the opportunity to go beyond sustainability.

Read more about Jord.‍

About Phoenix BioPower

Phoenix BioPower is pioneering the future of biomass-fired power generation systems with its innovative Biomass-fired TopCycle (BTC). The BTC is a high-pressure, integrated plant designed to convert biomass into power with unprecedented efficiency. By combining biomass gasification with a high-pressure gas turbine process and extensive steam injection, Phoenix BioPower achieves remarkable conversion efficiencies. This cutting-edge technology is set to revolutionize how on-demand renewable power is produced, offering plannable production capacity and best-in-class total efficiencies.

As the energy transition advances, the need for reliable, on-demand renewable power from diverse sources becomes increasingly critical. Phoenix BioPower's BTC plant is uniquely positioned to address this demand, providing stable renewable energy 24/7/365, and contributing significantly to a more sustainable energy future.

Read more about Phoenix BioPower