Carbon8, UK clean technology start-up specialising in carbon capture, utilisation and storage (CCUS), has announced the closure of a £5 million funding round.
The investment was led by global cement group Vicat, EDF Group and its corporate venture capital arm EDF Pulse ventures.
Carbon8, a spin-out from the University of Greenwich in London, has developed and commercialised a technology that combines industrial residues with captured carbon emissions to produce high-value minerals which can be used for construction and as fertilisers.
Its innovative CO₂ntainer is scalable and modular which can be deployed directly to an industrial site, capturing carbon from the point source and permanently storing it in the output materials of the Accelerated Carbonation Technology (ACT) process.
The permanent carbon capture and storage can help industries like cement, energy from waste, steel and paper – which are currently responsible for more than 20% of global greenhouse gas emissions – address their goals of zero landfill and net zero emissions.
John Pilkington, CEO of Carbon8 said: “Vicat Group and EDF Group share Carbon8’s vision of pioneering cleantech solutions for heavy industry and helping industry achieve their net zero ambitions. The investment made by EDF and Vicat is hugely valuable as we accelerate the growth of our business and maximise the positive impacts – capturing carbon, re-using residues – that we can offer to industry.
“We are delighted to have the support of these two major companies and the continued backing of our other investors.”