Liquid Wind Secures Funding for E-Fuel Project Expansion
Key Ideas
- Liquid Wind raises €44m in Series C financing round to develop 10 e-fuel facilities by 2027, supported by Uniper, HYCAP, and Samsung Ventures.
- The company aims to meet the growing demand for e-methanol in the shipping industry, offering a 94% lower emissions solution compared to fossil fuels.
- Despite the cancellation of its FlagshipONE project by Ørsted due to challenges, Liquid Wind continues to progress with its NorthStarH2 project, a 100,000-tonne e-methanol plant in Östersund.
- Liquid Wind's CEO expresses optimism about the future of the hydrogen e-fuel projects and is exploring options to revive FlagshipONE with a new owner.
Liquid Wind, a green hydrogen-based e-fuel project developer from Sweden, has successfully secured €44m in a Series C financing round led by Uniper, HYCAP, and Samsung Ventures. This funding is intended to support the development of 10 e-fuel facilities by 2027 to cater to the increasing demand for e-methanol in the shipping industry. Liquid Wind's approach involves converting biogenic CO2 with green hydrogen into e-methanol, presenting a significant emissions reduction of 94% compared to traditional fossil fuels. The company's ambitious plans have garnered support from key investors, highlighting confidence in its potential to scale up e-fuel production in the coming years. Although facing setbacks with the cancellation of the FlagshipONE project earlier this year, Liquid Wind remains resilient with its ongoing partnership with Uniper for the NorthStarH2 project, a substantial 100,000-tonne e-methanol plant in Östersund. The CEO of Liquid Wind, Claes Fredriksson, remains optimistic about the future of the hydrogen e-fuel projects, expressing hope to keep the FlagshipONE project alive under new ownership. The company's standardized approach has been commended for its alignment with the maritime sector's decarbonization goals. Liquid Wind's dedication to sustainable energy solutions and strategic partnerships underscores its commitment to driving positive change in the energy industry.
Topics
Investing
Renewable Energy
Investment
Decarbonisation
Partnership
Maritime Industry
Shipping Industry
Emissions Reduction
CO2 Conversion
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