85% of the electricity used in the world is generated by expensive, large, and inefficient steam turbines. Modern Electron plans to change that, producing efficient, cheap energy for all—using fossil fuels.
If Modern Electron, an energy innovation startup co-founded by Max Mankin, could make fossil fuels just 1% more efficient it would equal the entire contribution from all the solar panels across the world. The team’s mission is to generate cheap, modular, and reliable electricity for all. Max Mankin is a Hertz Foundation fellow and recipient of the prestigious Hertz Foundation Grant for graduate study in the applications of the physical, biological and engineering sciences. With the support of the Fannie and John Hertz Foundation, he pursued a PhD in chemistry at Harvard University. The Hertz Foundation mission is to provide unique financial and fellowship support to the nation's most remarkable PhD students in the hard sciences. Hertz Fellowships are among the most prestigious in the world, and the foundation has invested over $200 million in Hertz Fellows since 1963 (present value) and supported over 1,100 brilliant and creative young scientists, who have gone on to become Nobel laureates, high-ranking military personnel, astronauts, inventors, Silicon Valley leaders, and tenured university professors. For more information, visit hertzfoundation.org.