Belfast’s carbon seize expertise specialist Nuada has grow to be the primary firm from Northern Eire to safe funding from the EIC Accelerator.
Belfast-based carbon seize expertise firm Nuada has secured €2.5m funding from the EU’s innovation prize, the European Innovation Council (EIC) Accelerator, changing into the primary firm from Northern Eire to take action.
Nuada goals to decarbonise heavy industries by its next-generation on-site seize expertise. It builds energy-efficient filtration items that seize CO2 from industrial off-gases, permitting emitters in hard-to-abate sectors scale back their carbon footprint in a cost-efficient manner
The EIC Accelerator gives assist to start-ups and SMEs which have modern, game-changing merchandise, companies or enterprise fashions that might create new markets or disrupt current ones in Europe and worldwide.
From over 1,200 proposals submitted, the EIC chosen 71 firms for funding, with solely 5 from the UK chosen and Nuada the one recipient from Northern Eire.
“The award from the EIC Accelerator is one other stamp of approval for Nuada’s expertise and our potential to disrupt and advance industrial decarbonisation,” mentioned Jose Casaban, co-CEO of Nuada. “It is vitally rewarding for our staff of specialists and fuels our mission to commercialise vital expertise for decarbonising trade.”
“The vitality depth and gear prices of the incumbent processes are simply not sustainable to development,” mentioned Conor Hamill, co-CEO of Nuada. “Subsequent-generation seize applied sciences like Nuada’s are straight addressing these adoption obstacles.”
Thus far, Nuada has two seize crops on the bottom at industrial websites in Europe and has partnerships with main cement firms, a US lime producer and a number one UK energy-from-waste firm, it mentioned.
Since receiving minority fairness funding from BGF of £3.4m in 2023, the corporate has tripled the scale of its staff to 42 and final yr opened a brand new, purpose-built 18,000 sq ft manufacturing and growth facility in Newtownabbey.
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