UK-based WASE raises €9.9M to scale its waste-to-energy technology: Know more
Summary
This capital influx will facilitate WASE’s expansion efforts, enabling them to fulfil signed contracts, advance projects in their pipeline, and enhance their product range. Carlota Ochoa Neven Du Mont, Principal at Extantia, says, “We strongly believe that biogas and biomethane will soon be a key source of renewables and will make up a growing percentage of the energy mix.” “WASE’s approach doesn’t just increase biogas and biomethane yields from the AD process, making it more profitable and productive, it is reshaping the way industrial businesses are thinking about their resources.” “We think their cutting-edge technology, the know-how they have built-in commercialising their wastewater solutions, their existing supplier relationships, and their capital-efficient approach positions them well ahead of competitors in this space – and we’re delighted to support them.” Founded in 2017 by Dr. Thomas Fudge and Llŷr Anwyl, WASE accelerates sustainable waste and energy innovation for a greener future. Operating within anaerobic digestion (AD) plants and wastewater treatment, WASE’s units boost biogas production, accelerating the process by up to 10 times and increasing output by 30 per cent. WASE collaborates with food and beverage companies like Hepworth and St. Peter’s Brewery to convert wastewater into renewable energy, meeting tightening regulations and reducing costs. We want to accelerate the energy transition and strengthen Europe’s sovereignty.” “This participation into WASE is a concrete step to deploy innovative technology onto the market and to allow greater efficiency and competitiveness.”