ENGIE New Ventures has invested in WASE, a UK-based company specializing in innovative biogas technology, aimed at enhancing methane production from biomass by 30%.
Information on the Target
WASE is a UK-based company specializing in waste-to-energy solutions, focusing on innovative technology that enhances methane production from biomass. The company's proprietary Electro-Methanogenic Reactor (EMR) technology has been shown to increase biogas yield by 30%, particularly from traditionally untreatable waste streams, thereby optimizing the anaerobic digestion (AD) process. WASE’s compact and modular systems are designed to integrate seamlessly into existing infrastructures, allowing for significant reductions in production time—up to tenfold—while also being 50-70% smaller than conventional systems.
Industry Overview in the UK
The UK waste management and renewable energy sectors have seen robust growth in recent years, driven by increasing awareness of sustainability and the urgent need for energy transition. With stringent government regulations aimed at reducing greenhouse gas emissions, there is a growing emphasis on converting waste into energy. The UK has set ambitious targets to enhance the circular economy, and this trend is reflected in the rising number of companies innovating within the waste-to-energy space.
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Furthermore, the UK government's push for greater reliance on renewable energy sources intensifies the need for advanced technologies in biogas production. Policies and incentives are being implemented to promote the utilization of biomethane as part of th
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ENGIE New Ventures
invested in
WASE
in 2023
in a Corporate VC deal
Disclosed details
Transaction Size: $10M