Wase, a Bristol, UK-based electro-methanogenic reactor (EMR) technology company, raised over £8.5M, including £2.4M in non-dilutive funding.
The round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA 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 included Elbow Beach Capital and Empirical Ventures.
The company intends to use the funds to scale waste-to-energy technology and optimize biogas potential as a renewable baseload energy source.
Led by Thomas Fudge, Founder and CEO, Wase is dedicated to unlocking the potential of waste, transforming it into a renewable energy source for the future. With a focus on sustainability and circularity, it partners with industry pioneers for the environmental impact through innovative technology and collaborative efforts, fostering circular waste reuse and sustainable energy generation. Its proprietary electro-methanogenic reactor (EMR) technology is versatile and maximises the amount of biogas produced from biomass in anaerobic digestion (AD) plants.
Wase already works with a number of food and beverage manufacturers such as Hepworth and St Peter’s Brewery, to convert their wastewater into renewable energy.
FinSMEs
27/03/2024