Carbon Clean Press Release, February 9, 2024
Carbon Clean, a leader in revolutionising carbon capture solutions, has won the Sustainability Award at the Tech Tour Growth50 Europe 2024 Summit, securing the greatest number of votes from an investor community judging panel.
Carbon Clean was named as one of the top 50 European technology companies with the biggest growth potential and considered to be on a path to becoming a unicorn in the 2024 Tech Tour Growth50 List. A Selection Panel of more than 90 investors assessed multiple factors to finalise the List, including revenue growth, market potential, technology development and funding raised.
Aniruddha Sharma, Chair and CEO of Carbon Clean, said:
“It’s an honour to win the 2024 Sustainability Award and be selected for this prestigious ranking among such an exceptional group of entrepreneurs with a shared vision to revolutionise and innovate.
“We’ve achieved some major milestones over the past 12 months, including the first industrial deployment of our breakthrough carbon capture technology CycloneCC, as well as opening offices in Canada and the US, and doubling our global headcount. We also recently announced our entrance into the maritime sector, partnering with Samsung Engineering to develop onboard carbon capture solutions (OCCS).”
The 2024 Tech Tour Growth50 Sustainability Award is Carbon Clean’s latest major accolade for its role in mitigating the impact of climate change.
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Notes to editors
1. Tech Tour announced the Award Winners during a special ceremony at the flagship Tech Tour Growth50 Europe Summit in Paris on 8 February 2024. The event was co-hosted with EuroQuity Bpifrance and was partnered with Bryan, Garnier & Co, Jolt Capital, Silverpeak, Euronext and the EIC Scaling Club.
2. The Tech Tour Growth50 Programme is presided over by Daniel Kahn of Red Bridge, with the Selection Panel led by Clara Audry of Jolt Capital (digital), Remy de Tonnac of ETF Partners (sustainability), and Janke Dittmer of Gilde Healthcare Partners (health).
About Carbon Clean
Carbon Clean is a leader in revolutionising carbon capture solutions for hard-to-abate industries including cement, steel, refineries, and energy from waste. The company’s patented technology significantly reduces the costs of carbon capture when compared to conventional solutions.
Carbon Clean has over a decade of experience in designing, building, and operating industrial carbon capture systems and it has 49 technology references around the world. The company is an innovation leader in the CCUS market, with over 100 active patent assets across 16 patent families covering 30 countries, and has developed a modular technology, CycloneCC, that is vital for scaling industrial carbon capture deployment to achieve global net zero targets.
Headquartered in the UK and with offices in the US, Canada and India, the company has received funding and grant support from the British and US governments and has established partnerships with industry leaders including Chevron and CEMEX. It is also an investor in the Swedish eFuel development company, Liquid Wind.
For further information: www.carbonclean.com
About WAVE Equity Partners
WAVE Equity Partners (WAVE) is an independent sustainability-focused American investment firm. We partner with early-growth companies whose proven clean technologies drive meaningful bottom-line impact and environmental benefits for large industrial manufacturers. Our industry knowledge and dedication to true partnership allow us to work effectively with leaders whose innovative solutions are commercially accepted, deliver immediate impact and are poised to scale. WAVE is currently investing out of its third institutional fund and has approximately $460 million under management (AUM) as of September 30, 2023.