In France, GTT Strategic Ventures will invest in Energo’s €16.5 million financing round supporting the company’s production of green hydrogen and biofuels from CO2, biogas, and ammonia. Energo, founded in 2018 from research at Chimie Paris Tech, synthesizes molecules using plasma catalysis.
Philippe Berterottière, Chairman and CEO of GTT, said, “GTT, through its investment fund GTT Strategic Ventures, is proud to support the development of Energo, which contributes, through its innovative and competitive technologies, to the energy transition. Energo’s solutions have the potential to contribute to the decarbonization of maritime transport through the production of low-carbon fuels, as well as to the emergence of the hydrogen sector.”
Vincent Piepiora, CEO of Energo, added, “This financing will enable us to maintain our technological lead by investing heavily in our R&D and our equipment and energy production facilities.”
Sabine Schimel, Managing Director of Crédit Mutuel Impact, commented, “The technology developed by Energo is a highly promising and efficient solution for the production of biofuels, green methanol and green hydrogen.”
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Tags: Energo. plasma catalysis, financing, GTT Strategic Ventures, Paris
Category: Sustainable Marine Fuels
