Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

BGF invests £3.4 million in innovative carbon capture business Nuada

by July 27, 2023
July 27, 2023
BGF invests £3.4 million in innovative carbon capture business Nuada

BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, has invested £3.4 million in Nuada (formerly MOF Technologies), a UK-based company that is redefining the capture of carbon dioxide from foundational and hard-to-abate industries.

Carbon capture is an essential climate technology that is required to meet global climate goals. Nuada’s next-generation ‘heatless’ capture technology is removing the deployment barriers of energy intensity and cost, enabling industrial emitters to decarbonise their operations efficiently and economically.

Nuada is working with leading cement manufacturers (Buzzi Unicem, Heidelberg Materials and Cementir Holding) and is currently deploying a first-of-a-kind plant at Buzzi Unicem’s Monselice plant in Northern Italy. The funding from BGF will support the construction of an additional pilot plant at an energy-from-waste facility in the UK, which will showcase the versatility of Nuada’s award-winning technology.

This investment is an extension to Nuada’s £4.5m Series A round which was co-led by the Clean Growth Fund and Barclays’ Sustainable Impact Capital portfolio. The Company has also recently secured nearly £3m of grant-funded projects from UKRI and the Department of Energy Security and Net Zero (DESNZ).

Dr Conor Hamill, co-Chief Executive Officer of Nuada, said: “There is no Net Zero without carbon capture. However, incumbent solutions are notoriously costly and energy intensive. Investment from BGF will further catalyse the scale-up and deployment of our technology, ensuring we are primed to efficiently decarbonise heavy industries.

Dr Jose Casaban, co-Chief Executive Officer of Nuada, said: “We look forward to working with BGF and drawing on their expertise in climate tech to make carbon capture more accessible and affordable for businesses and governments around the world.”

Dennis Atkinson / Rowan Bird from BGF, said: “We are delighted to announce this investment in Nuada, a company that can play a significant role in the transition to a net zero carbon future using advanced technology.

“We are excited by the fact that the company’s technology is already being deployed by industry leaders in the cement sector and note that it is also applicable to other industries. We welcomed the opportunity to invest in and support a disruptive business that will make a meaningful contribution towards achieving net zero.”

Read more:
BGF invests £3.4 million in innovative carbon capture business Nuada

0
FacebookTwitterGoogle +Pinterest
previous post
Half of self-employed workers do not have confidence in HMRC
next post
Threads users decline significantly despite initial surge in sign-ups

You may also like

UKEF helps British exporters fill stockings around the...

December 21, 2023

GPTMain News Launches an AI-Powered News Feed Bot

August 15, 2023

Venus and Serena Williams are investing in social-first...

October 6, 2022

The Transformative Impact of AI Across Key Sectors

September 22, 2023

Bank of England predicted to hold Interest again

November 2, 2023

Stopping Windows Condensation As An Alternative For Brampton...

February 24, 2023

Britons Curb Spending Despite Drop in Grocery Inflation,...

June 19, 2024

UK shoppers and workers kept home by rail...

December 15, 2022

Government to unveil crackdown on climate activism and...

October 17, 2022

Entain bounces back with strong online gambling growth...

September 10, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

      June 27, 2025
    • How to Improve your Trading Odds and Increase Opportunities

      June 27, 2025
    • UK Export Finance unveils new tools to boost SME global trade

      June 27, 2025
    • Republicans raise alarm over US vulnerability to mass drone strikes after Israel-Iran conflict

      June 27, 2025
    • Manchester businessman cleared of hacking charges in ICO case

      June 27, 2025
    • Winners announced at Isle of Man Innovation Challenge 2025

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,074)
    • Politics (15,826)
    • Stocks (3,173)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved