Nuventura, a Berlin-based company that develops SF6-free, medium-voltage (MV) gas-insulated switchgear (GIS) technologies, has raised €25 million in Series A funding. The round, which brought the company's total funding to €35 million, was led by Mirova, an impact private equity firm. Other investors in the round included Forward.one, the European Innovation Council Accelerator, and IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties.
Nuventura will use the funding to expand its product portfolio and further develop its manufacturing capabilities around the world. The company's technology replaces SF6, the world's strongest greenhouse gas, with dry air. This makes Nuventura's GIS products more environmentally friendly and helps to reduce the carbon footprint of the electrical grid.
Nuventura's technology is already being used by a number of original equipment manufacturers (OEMs) and project developers. The company is working to accelerate the transition away from SF6 in the energy industry and help companies comply with upcoming international regulations.
Nuventura is led by CEO Dr. Fabian Lemke. Dr. Lemke is a mechanical engineer with over 20 years of experience in the energy industry. He is passionate about developing innovative technologies that can help to make the energy sector more sustainable.
The investment in Nuventura is a sign of growing interest in SF6-free technologies. As the world moves towards a decarbonized future, there is a growing need for more environmentally friendly solutions for the electrical grid. Nuventura is well-positioned to capitalize on this trend and become a leading provider of SF6-free GIS technologies.
The company's technology is based on a patented design that uses dry air as the insulating medium. This makes the technology more environmentally friendly and reduces the risk of leaks.
Nuventura's GIS products are also more compact and lightweight than traditional SF6-based products. This makes them easier to install and maintain.
The company's technology has been independently tested and certified by leading industry organizations.
Nuventura is a promising company with the potential to make a significant impact on the energy industry. The investment in the company is a vote of confidence in its technology and its mission to create a more sustainable future.
