TLDR:
Key Points:
- WASE, a UK-based startup, secured over €9.9 million in funding to scale their waste-to-energy technology.
- The funding round was led by Extantia Capital and included participation from Hitachi Ventures, WEPA Ventures, Engie New Ventures, Elbow Beach Capital, and Empirical Ventures.
Bristol-based startup, WASE, has raised over €9.9 million in funding to scale their waste-to-energy technology. The financing round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, Engie New Ventures, Elbow Beach Capital, and Empirical Ventures. The funding will be used to scale operations, execute signed contracts and projects, and expand their product offering.
Founded in 2017, WASE’s proprietary Electro-Methanogenic Reactor (EMR) technology increases methane concentration in biogas by 30% and is up to ten times faster than conventional methods. This technology allows for more efficient conversion of biomass and wastewater into biogas, with the potential for greater energy production and cost savings. The company already works with food and beverage manufacturers to convert wastewater into renewable energy, aiming to set a new standard in waste treatment and energy sectors.
Investors, including Extantia Capital and ENGIE, believe that WASE’s technology is reshaping the way industrial businesses think about their resources and positioning them as leaders in the biogas market. With a focus on biogas and biomethane production, WASE is contributing to the energy transition and driving greater efficiency and competitiveness in the market.
