In New York, Dimensional Energy announces the successful closure of a $20 million Series A funding round. The funding round was led by Envisioning Partners, a Korea-based impact venture capital fund with a strong global focus on climate investing, with strategic participation from United Airlines’ Sustainable Flight Fund, Microsoft’s Climate Innovation Fund, RockCreek Group’s Smart Aviation Futures fund, DSC Investment, Delek US, New York Ventures, Climate Tech Circle, and support from existing investors New Climate Ventures, Elemental Excelerator, Chloe Capital, and Launch New York among others. “We are excited to be supporting Dimensional Energy, a clear leader in power-to-liquid sustainable aviation fuel production which is much needed in decarbonizing a hard to abate industry like aviation. Dimensional Energy’s mix of proven large-scale technology, proprietary catalyst technology and project development capabilities positions the company very well for fast scale up globally,” stated Yong Hyun Kim, Managing Partner of Envisioning Partners. Dimensional Energy said it will allocate the newly raised funds to advance key initiatives including the construction of an advanced power-to-liquid (PtL) fuels plant, utilizing emissions from the Lafarge Richmond Cement Plant in British Columbia, Canada, in partnership with Svante.
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