2 years ago

Nuada Secures £3.4 Million Extension to Series A for Carbon Capture Technology

  • Nuada, a UK-based startup developing carbon capture technology for cement manufacturers, has secured a £3.4 million extension to its Series A funding round from the Business Growth Fund (BGF)

  • This follows a previous £4.5 million raise led by the Clean Growth Fund and Barclays’ Sustainable Impact Capital portfolio

  • The additional funding will support the deployment of a pilot project in the UK, alongside an existing plant in Northern Italy

  • Nuada aims to make carbon capture more accessible and affordable for businesses and governments globally.

      • ProblemRenewable Energy

      "Existing carbon capture solutions are expensive and energy-intensive, making it difficult for industries to adopt them at scale."

      Solution

      "Nuada offers a more cost-effective and energy-efficient carbon capture technology that can be easily integrated into existing industrial processes, enabling heavy industries like cement manufacturing to reduce their carbon footprint."

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