WASE Secures Over £8.5M to Scale Waste-to-Energy Technology

UK company WASE announced it has raised £8.5 million in funding. The funding round was led by Extantia Capital, with participation from Hitachi VenturesWEPA Ventures, the family venture capital firm of the European multigenerational family business WEPA, and Engie New Ventures, the CVC arm of the global energy company Engie. Other investors include Elbow Beach Capital and Empirical Ventures.The round includes £2.4 million in non-dilutive funding. 
WASE Secures Over £8.5M to Scale Waste-to-Energy Technology
Courtesy of WASE

"The investment is crucial in the next stage of our scale-up strategy and the delivery of our proprietary Electro-Methanogenic Reactor technology to customers" the company states on its website.

The technology maximizes the recovery of biogas from organic matter in wastewater to ensure Anaerobic Digestion plants get the highest yields. The company says its units increase biogas generation by 30%, up to ten times faster than AD.

The tech also increases the methane content of biogas to more than 80% compared to conventional AD where methane contents of 50-60% are more typical.

Their plug-and-play system fits into existing infrastructure and is 50-70% smaller than what is currently available. The modular solution allows customization, making it much easier for companies to deploy at their site, resulting in more energy production and lower costs in the long run.

“We want our technology to set a new standard in the waste treatment and energy sectors, by not only optimizing waste breakdown but by boosting methane production across the board,” said Thomas Fudge, Founder and CEO of WASE. “We’re seeing a future of Waste-to-Energy that maximizes economic and environmental benefits for all players involved, and we aim to play a major part in this transition by becoming leaders in the biogas market.”

“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,” said Carlota Ochoa Neven Du Mont, Principal at Extantia. 

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