French climatetech Sweetch Energy scores €6 million to produce electricity from salt water
Summary
Over the past year, the importance of this energy transition has been laid abundantly clear – it’s pivotal for our environment, tackling the climate crisis, creating healthier cities, preventing harmful price fluctuations, and making the continent more energy-independent. The funds raised will support the large-scale deployment in France and internationally of the INOD® technology developed by Sweetch Energy. Using its INOD® technology, the startup enables the production of clean electricity from salt water – an abundant energy source that we haven’t yet fully harnessed the value of. By positioning itself at a very early stage in the creation of an osmotic sector in France, EDF Hydro intends to use all its engineering expertise to deploy this innovative, carbon-free and environmentally friendly technology.” Laurence Borie-Bancel, Chairwoman of CNR Management Board, added: “As the first industrial partner of Sweetch Energy, we are very happy and proud today to accelerate the large-scale deployment of their INOD® technology with this financial partnership. The upcoming installation of a first demonstrator on the Rhone delta, on which we have been working for several months with Sweetch Energy’s teams, is the starting point for the creation of a promising French industrial sector for the production of osmotic electricity, which has the potential to expand internationally.”