Liquid Wind, a Swedish developer of eFuel manufacturing amenities, has efficiently raised €44 million in Sequence C financing. The funding spherical, led by Uniper, HYCAP Fund I SCSp, and Samsung Ventures, reportedly marks one of many largest investments in Europe’s eFuel sector this 12 months.
This capital injection will speed up the corporate’s technique to develop 10 eFuel amenities by 2027, with the long-term imaginative and prescient of reaching 500 amenities globally by 2050.
Claes Fredriksson, CEO and Founding father of Liquid Wind, mentioned: “International delivery has realised the urgency of low-carbon eFuels as a industrial necessity to satisfy sustainability targets and new rules. The demand for low-carbon maritime fuels is plain, and we’re seeing main delivery firms launching eFuel-powered vessels. Our shareholders recognise this, and we’re happy to welcome Samsung as a brand new investor, alongside continued assist from Uniper and Hycap. This backing strengthens our capability to speed up manufacturing and advance our imaginative and prescient to scale back the world’s dependency on fossil gas. The funding, the biggest in our firm historical past, displays their confidence in Liquid Wind’s potential to scale eFuel manufacturing within the years to come back.”
Based in Gothenburg, Sweden, Liquid Wind specialises in producing eMethanol, a fossil-free various gas designed to decarbonise hard-to-abate sectors, together with delivery. Leveraging biogenic CO2 and renewable electrical energy, the corporate’s amenities intention to generate eMethanol with 94% decrease emissions on a ‘Effectively-to-Wake’ foundation (your complete course of from gas manufacturing to make use of), addressing the demand for sustainable maritime gas options.
By 2050, over 100,000 operational ships might want to undertake sustainable vitality sources to satisfy Worldwide Maritime Group (IMO) net-zero targets. Liquid Wind’s scalable and modularised amenities provide a pathway to this transition, with every plant able to producing 100,000 tonnes of eFuel yearly whereas capturing 150,000 tonnes of CO2.
HYCAP’s CEO, James Munce, highlighted the importance of Liquid Wind’s strategy, stating “We’re happy to strengthen our backing for Liquid Wind and its modern eFuel amenities. Their standardised strategy to scaling low-carbon gas manufacturing is precisely what the maritime sector wants to satisfy its decarbonisation targets. Since our preliminary funding, Claes and the crew have demonstrated a laser give attention to delivering the underlying initiatives and accelerating vitality transition within the maritime sector.”
Liquid Wind’s improvement efforts are supported by collaborations with main decarbonisation firms similar to Alfa Laval, Carbon Clear, Siemens Power, and Topsoe. The corporate has additionally partnered with vitality suppliers Sundsvall Energi, Umeå Energi, NordFuel, and Puhuri to advance initiatives in Sweden and Finland. Notably, Uniper has chosen Liquid Wind to steer the NorthStarH2 venture in Östersund, Sweden, which goals to save lots of roughly 200,000 tonnes of CO2 yearly.
