Inventor Nik Shkolnik and his son, MIT grad student Alexander Shkolnik, are developing technology that aims to improve the internal combustion engine’s fuel efficiency by 250%, according to a release. And their startup, LiquidPiston, just raised $1.25 million in its first venture capital investment round led by Adams Capital Mangement and Northwater Capital.I don't have an educated opinion on its feasibility, but if it can improve the fuel efficiency of ICE by even 50%, this would be a breakthrough technology. Hybrids only improve gas mileage by around 25%, so this would have a much larger impact. I am keeping my fingers crossed that this will work out.
These funds add to an existing $70,000 Phase I grant from the Army Small Business Innovation Research program. LiquidPiston was also a runner up in MIT’s recent $100K Entrepreneurship competition. While the release notes that the technology will increase efficiency up to 250% and could make it possible for gasoline-powered cars to get 100 mpg, the website notes that the engine, compared to Otto or Diesel engines of similar power specifications, will:
* significantly improve engine efficiency, reaching 50%
* reduce NOx emissions by 70%
* reduce CO2 emissions by 50%