Sustainable Switchgear Technology Firm Nuventura Secures €25 Million In Series A Funding, To Accelerate Global Energy Industry's Transition Away From Harmful Greenhouse Gases
PRIVATESep 05, 2023
Amount Raised
€25 Million
Round Type
Series A
EnergyOil And GasRenewable Energy
Investors
Doen ParticipatiesFuture Energy VenturesCycle GroupADB VenturesIBB VenturesEIC AcceleratorForward.OneMirova
Description
Nuventura, a leading provider of SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, today announces the completion of a €25 million Series A investment round.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Nuventura that raised within 45 days of this round, from Fundz verified event records.
Granular Energy raised $7.9M (Funding Round) on October 2, 2023.
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Company Information
Company
Nuventura
About
Nuventura develops environmentally-friendly medium voltage (MV) gas insulated switchgear (GIS) – key hardware components found throughout electrical grids and energy infrastructure.
Our patented technology replaces Sulphur hexafluoride (SF6) – the world’s strongest greenhouse gas – with dry air, whilst maintaining GIS' traditional strengths i.e. compact physical dimensions. Such alternatives are urgently needed because, in the coming years, regulators are expected to phase out SF6’s use in switchgear due to its high environmental impact.
Nuventura works with both switchgear end-users (utilities, EPCs, industry, project developers etc.) and manufacturers (OEMs, panel builders) with the aim of accelerating and facilitating the energy industry’s transition away from SF6. In so doing, nuventura helps companies reduce their carbon footprint and become compliant with imminent international regulation focused on the use of SF6 in switchgear.
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