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Nuventura Raises €25 Million to Advance Sustainable Energy Infrastructure Technology

ESGNuventura Raises €25 Million to Advance Sustainable Energy Infrastructure Technology

Nuventura, a sustainable energy infrastructure technology provider based in Berlin, has secured €25 million in funding to accelerate its efforts in helping the energy industry transition away from greenhouse gas (GHG)-based infrastructure. Founded in 2017, Nuventura specializes in gas-insulated switchgear (GIS) technology that replaces sulfur hexafluoride (SF6) with dry air. SF6 is a potent greenhouse gas with over 25,000 times the global warming power of CO2. Gas-insulated switchgear is crucial in electrical grids and energy infrastructure. Nuventura’s GIS technology eliminates the operational and environmental issues associated with SF6 while retaining its advantages, such as compact size and reliability.

The funding will support Nuventura’s expansion of its product portfolio and the development of its manufacturing capabilities worldwide. Dr. Fabian Lemke, Nuventura Co-founder and CEO, emphasized the increasing awareness of the environmental threats posed by SF6 and the regulatory oversight, positioning the company well to provide sustainable switchgear alternatives.

The financing round was led by sustainable finance asset manager Mirova, with participation from new investors including and EIC Accelerator, along with existing investors such as IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. Anne Boulet, Investment Manager at Mirova, highlighted the importance of supporting Nuventura’s international expansion to contribute to decarbonizing the energy industry amid the growing drive for SF6 phase-out.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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