AtmosZero, a Fort Collins, CO-based company focused on decarbonizing steam, raised $21M in Series A funding.
The round was led by Engine Ventures and 2150. Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation (Nasdaq: CEG), also participated along with existing backers, Energy Impact Partners, Starlight Ventures, and AENU.
The company intends to use the funds to advance both efforts including executing the commercial pilot and expanding its European reach.
Led by CEO Addison Stark, AtmosZero provides an electrified steam generator, Boiler 2.0, which offers a solution to decarbonize steam production across industrial manufacturing, district steam, and the built environment. The Boiler 2.0 technology extracts heat from the air and delivers high-temperature steam with maximum efficiency and zero carbon emissions, allowing companies to replace their existing natural gas and oil boilers quickly and cost-effectively.
Last year, AtmosZero signed a strategic partnership with New Belgium Brewing Company that involves a full-scale pilot at New Belgium’s flagship facility. Additionally, the company launched its European subsidiary, AtmosZero Europe, B.V., based in Amsterdam.
The company is a spin-out from Colorado State University.
FinSMEs
21/02/2024