Friday 28 July 2023

New investment in carbon capture technology

New investment in carbon capture technology

Growth capital investors, BGF, has invested £3.4 million in Nuada, a UK-based carbon capture company that works with foundational and hard-to-abate industries.

Nuada says that it uses a ‘heatless’ capture technology that enables industrial emitters to decarbonise their operations efficiently and economically.

It works with several cement manufacturers including Buzzi Unicem, Heidelberg Materials and Cementir Holding.

The funding from BGF will support the construction of a pilot plant at an energy-from-waste facility in the UK.

Nuada has also recently secured nearly £3m of grant-funded projects from UK Research and Innovation (UKRI) and the Department of Energy Security and Net Zero (DESNZ).

Dr Conor Hamill, Co-Chief Executive Officer of Nuada, said: “There is no net zero without carbon capture. However, incumbent solutions are notoriously costly and energy intensive. Investment from BGF will further catalyse the scale-up and deployment of our technology, ensuring we are primed to efficiently decarbonise heavy industries.”

Written by

Bruna Pinhoni

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