Target Information

Founded in 2017, CryoCollect is a French startup specializing in the engineering and design of technologies for gas treatment, purification, and liquefaction. The company focuses on gases such as biomethane, carbon dioxide, and hydrogen, leveraging a team of multidisciplinary engineers and researchers who combine extensive scientific expertise with strong industrial knowledge.

CryoCollect has been at the forefront of developing technologies for carbon dioxide capture, purification, and liquefaction from biogas derived from anaerobic digestion. This innovation enables the production of liquid biogenic CO2, which is part of a natural short carbon lifecycle and can replace fossil CO2 in various industrial processes, particularly in the Food & Beverage sector and in the production of synthetic fuels. To date, CryoCollect’s CO2 capture technology boasts the highest number of project deployments in its field.

Industry Overview

The gas treatment and liquefaction industry in France is increasingly pivotal in the transition towards cleaner energy solutions. As the nation commits to reducing carbon emissions, companies in this sector are innovating continuously to provide technologies that facilitate the processing and utilization of renewable gases. With a strong focus on biogas and hydrogen solutions, the industry is attracting significant investments aimed at enhancing industrial productivity and sustainability.

Moreover, the French government has implemented various policies and incentive programs to promote cleaner technologies and renewables, providing a conducive environment for startups like CryoCollect to thrive. The demand for sustainable CO2 alternatives is on the rise as businesses across sectors seek to cut down their carbon footprints and transition to more environmentally responsible practices.

CryoCollect operates within a growing ecosystem of enterprises focused on decarbonizing energy production processes. The integration of renewable energy sources, such as biogas and bioLNG, into industrial processes is becoming standard practice, driven by technological advancements and regulatory pressures.

As businesses continue to adopt greener strategies, the industry's potential for innovation and revenue generation further expands, making it an attractive space for investors interested in climate technology and sustainability.

Rationale Behind the Deal

The recent €4 million financing round involving ENGIE New Ventures and GTT Strategic Ventures underscores the strategic importance of CryoCollect in the energy transition landscape. ENGIE’s commitment to supporting renewable resources aligns with CryoCollect’s mission of innovation in gas treatment and liquefaction technologies.

Investing in CryoCollect not only enhances ENGIE's portfolio of sustainable solutions but also positions the company as a leader in carbon management, showcasing its dedication to zero-emission technologies and circular economy principles.

Information About the Investor

ENGIE New Ventures (ENV) is recognized as the Research & Innovation investment fund of ENGIE, focusing on innovative start-ups in the climate technology field. Since its inception in 2014, ENV has invested in over 50 solutions aimed at promoting renewable energy, energy efficiency, and green gases like hydrogen.

Moreover, GTT is a leading technology and engineering group known for its expertise in cryogenic membrane containment systems. The establishment of GTT Strategic Ventures in 2023 further emphasizes their commitment to investing in Climate Tech companies, providing strong backing for investments that help the transition to a decarbonized future.

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The investment in CryoCollect appears to be a wise decision given the increasing importance of sustainable energy solutions. As the need for CO2 reduction technologies grows, CryoCollect is strategically positioned to provide innovative solutions that cater to a market that is accelerating its focus on environmental responsibility.

With ENGIE's robust portfolio and commitment to renewable energy, this investment stands to enhance both parties’ capabilities and market reach, particularly in sectors that require CO2 neutral alternatives. The focus on biogas and carbon management situates CryoCollect within a critical area for growth, where demand for solutions intersects with regulatory and societal pressures to cut emissions.

Moreover, the collaboration with GTT, a leader in cryogenic solutions, may open up additional opportunities for innovation and expansion within the gas treatment landscape. This partnership could yield advanced technologies that could set industry standards and drive further adoption of clean energy solutions.

In conclusion, this financing deal is anticipated to be a pivotal step not just for CryoCollect but for ENGIE and GTT as well, as they collectively navigate the complex challenges of the energy transition and the drive towards net-zero emissions.

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