The investment will be used to help Nuada to scale up its operations and commercialise its technology.
Nuada was founded in 2019 by Dr Conor Hamill and Dr Jose Casaban.
The company’s technology is a breakthrough in the field of carbon capture. It is a heatless process that removes carbon dioxide from industrial off-gases. This makes it much cheaper and more efficient than traditional carbon capture technologies.
Nuada’s technology has the potential to make a significant contribution to the fight against climate change. It could be used to decarbonise a wide range of industries, including the power, steel, and cement industries.
The investment from BGF is a major vote of confidence in Nuada’s technology.
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