Pfronten-based autarkize, a startup that scales a market-ready system know-how with which a high-quality fuel fabricated from methane and hydrogen is obtained, has efficiently closed a €2.3 million seed funding spherical. With the contemporary capital, autarkize plans to speed up its growth, particularly within the areas of biogas know-how and warmth and steam manufacturing.
autarkize goals to advance the decarbonization of commercial processes and create large-scale CO2 sinks to positively influence the worldwide local weather. The spherical was led by Excessive-Tech Gründerfonds (HTGF). Different buyers embody Dutch influence investor Honest Capital Affect Fund, Interface Capital, Innovation for Affect, Floris Capital and famend enterprise angels Lucas von Fürstenberg and Ulrich Blessing.
autarkize has developed a groundbreaking know-how that converts biogenic residues—equivalent to waste wooden, shells, and fermentation by-products—into renewable fuel and authorized biochar. The fuel substitutes fossil fuels in industrial processes, whereas the biochar acts as a CO2 sink and can be utilized in agriculture and building. Every autarkize plant can sequester between 1,400 and 5,500 tons of CO2 yearly and generate as much as 10 GWh of renewable vitality, making a big contribution to local weather change mitigation.
“The financing permits us to launch our techniques on a big scale, creating worth for purchasers and contributing to local weather safety. autarkize is positioned to be a number one supplier within the transition to a sustainable vitality future,” mentioned Michel Konder, CEO of autarkize.
autarkize’s options are extremely standardized techniques put in in sea containers with a capability of as much as 2.5 megawatts. These containerized techniques will be seamlessly built-in with present biogas crops and industrial purposes. Moreover, they supply a wonderful answer for decarbonizing warmth, particularly for native and district heating networks in municipalities.
Maximilian Scholz, Funding Supervisor at HTGF, commented: “We see nice potential within the utilization of beforehand unused waste streams and biomass, which will be transformed and utilized into high-quality synthesis fuel and biochar utilizing the progressive plant know-how. This answer not solely gives climate-neutral vitality, but additionally makes an vital contribution to CO2 discount.”
Patrick Knodel, CEO of Innovation for Affect, appears to be like for: “options that allow humanity to thrive inside planetary boundaries, that allow circularity and which can be pushed ahead by function pushed founders with robust backgrounds of their respective fields of experience. autarkize ticks all of the bins.”
Michelle de Rijk, Affect Investor at Honest Capital Affect Fund, added: “autarkize’s answer is a vital step in direction of changing into extra resilient to the impacts of local weather change. This funding aligns completely with our vitality transition program, geared toward creating lasting, constructive change for each folks and the planet.”
