Swedish startup Cellfion lands new investment to help fuel a sustainable energy transition
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Loading... - Lucy Richard
- 06 Sep 2022
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The global transition to renewable, green energy has picked up pace in the last decade, but there’s still lots to do and many surmounting challenges to overcome. Looking at renewable energy sources themselves, different problems arise especially when thinking about energy storage.
Intermittent renewable energy, such as wind and solar, requires a way to store the energy. The sun doesn’t shine every day and the wind isn’t always blowing – it’s one of the natural beauties of the world, but a bit of a task when it comes to wanting to use the power of the sun and the wind every second of every day.
The good thing is that rapidly emerging tech, like Redox Flow Batteries and hydrogen, can provide a perfect solution, enabling energy to be stored and discharged upon demand. Now, enabling these solutions to function to their maximum potential and ensuring sustainability whilst doing so, Cellfion is creating unique biobased membranes.
The Swedish startup, established just last year with young entrepreneur Liam Hardey as CEO, has just picked up €1.3 million.
The funding
The seed investment was contributed by Almi Invest Green Tech, Voima Ventures, Klimatet Invest, LiU Invest and KTH Holding.
It’ll enable the startup to continue the development towards being a scalable manufacturer of sustainable membranes. In the coming years, the company plans to expand their team, begin their rapid prototyping by working with customers and partners, and focus on getting its first product to market. Read More…
