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Liquid Wind partners with Uniper, HYCAP, and Samsung Ventures to raise €44 million for eFuel production
Nov 22, 2024•over 1 year ago
Contract Type
partnership
GothenburgEnergyRenewable Energy
Description
Liquid Wind has raised €44 million in Series C financing with Uniper, HYCAP, and Samsung Ventures to accelerate the development of green eFuel production for hard-to-abate sectors including shipping. The funding will support the company's strategy to develop 10 eFuel facilities by 2027, with the aim to reach 500 facilities globally by 2050, in response to increasing demand for low-carbon fuels.
Company Information
Company
Liquid Wind
Location
Gothenburg, Västra Götaland County, Sweden
About
Liquid Wind is a Swedish developer focused on producing eFuel, specializing in eMethanol, which is a fossil-free alternative fuel aimed at decarbonizing hard-to-abate sectors, particularly shipping. The company utilizes biogenic CO2 and renewable electricity to create fuels with significantly lower emissions. Liquid Wind aims to expand its production facilities globally to support the maritime industry's transition to sustainable energy sources. Their modular approach allows each facility to produce substantial amounts of eFuel while capturing CO2 emissions.
GothenburgEnergyRenewable Energy