UK-based climate tech trailblazer, Nuada, has raised an impressive £3.4 million, adding to its Series A round and signaling a new growth phase. The additional funds, backed by BGF, will fuel the construction of a pilot plant at an energy-from-waste facility in the UK. Leveraging the power of advanced solid adsorbents (metal-organic frameworks or MOFs) and vacuum swing technology, Nuada's innovative approach 'vacuums' CO2 out of industrial emissions, offering a cost-effective and energy-efficient solution for decarbonizing heavy industries.
Nuada's ambitious journey has already borne fruit, with a plant deployment underway at Buzzi Unicem's Monselice facility in Northern Italy. Cement manufacturers, including Heidelberg Materials and Cementir Holding, benefit from the climate tech's 'heatless' and 'solvent-free' carbon capture technology. This groundbreaking solution offers a crucial pathway to Net Zero by effectively and economically capturing carbon emissions.
As the world strives to achieve Net Zero goals, carbon capture becomes a paramount element in the fight against climate change. However, high costs and energy consumption have often plagued traditional solutions. With investment from BGF, Nuada is poised to drive the scale-up and deployment of its cutting-edge technology, paving the way for efficient decarbonization in heavy industries. Co-CEO of Nuada, Dr. Conor Hamill, underlines the importance of carbon capture, emphasizing how Nuada's approach can revolutionize the landscape and accelerate progress toward a sustainable future.
Nuada's latest funding success marks a pivotal moment in the pursuit of carbon capture innovation. By harnessing the power of MOFs and vacuum swing technology, Nuada is on the cusp of revolutionizing heavy industries, offering a more sustainable and economically viable solution for carbon capture. With BGF's backing, the company is well-positioned to significantly impact the global drive toward Net Zero, unlocking a greener future and leaving an indelible mark on the fight against climate change.