Petram wins Merage Challenge and $40,000 for subsurface rock-breaking technology
U.S.-based Petram has won the Jonathan Merage Global Subsurface Tech Challenge and a $40,000 prize for its low-noise, electric rock-breaking technology designed for heavy industry.
U.S.-based deep-tech venture Petram has been awarded the Jonathan Merage Global Subsurface Tech Challenge prize of $40,000. The award recognizes Petram's development of a low-noise, electric rock-breaking technology.
The technology is intended for use in heavy industry on Earth and is also anticipated to have applications in subsurface environments. The challenge was organized by Creation-Space and focused on global subsurface technology.
The competition aimed to foster innovations that could alter how heavy industry operates underground and in other challenging locations. Petram's solution presents an alternative to existing rock-breaking methods that are often noisy and energy-intensive.
Participants were encouraged to develop solutions that enhance operational efficiency while minimizing environmental impact. Petram was selected based on the effectiveness, scalability, and market potential of its technology.