Liquid Sun raises nearly €4 million in seed funding from Voima Ventures, Failup, and Business Finland to build an eSAF demonstration unit.
Summary
Now, the real work begins as we start scaling up the production of eSAF to an industrial scale, and through that, help drive Finland towards its emission reduction goals and a cleaner future, says Samuel Thesleff, Chairman of Liquid Suns board.Liquid Sun has secured Voima Ventures, a venture capital firm focusing on clean technology, as its lead investor. Also playing a key role as a co-lead investor is Failup Ventures, a Finnish-American venture capital firm, and Business Finland.By 2050, 70 percent of aviation fuel used at EU airports must be sustainably produced, i.e., SAF, and 50 percent of this must be synthetically produced sustainable aviation fuel, eSAF, made possible by Liquid Suns low-temperature electrolyzer. In this scenario, where demand outstrips supply, Liquid Sun is well-positioned.In spring 2024, the company announced it would be process-testing the industrial production capability of eSAF. Were excited to invest in Liquid Sun because theyre tackling one of the toughest problems out there: creating sustainable fuels for a cleaner future. Their technology to turn CO and water into renewable e-fuels isnt just innovativeits the kind of ambitious, high-impact idea that could transform industries and make a real difference for the planet.
Funding
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