Sweetch Energy, a leading renewable energy company specializing in osmotic energy, has successfully raised €25 million in a Series A funding round. The funding round was spearheaded by Révolution Environnementale et Solidaire, with participation from existing investors, including Demeter Investment Managers, Go Capital, Positive Future Capital, and industrial partner CNR. EDF Group, reinforcing its commitment, participated through EDF Pulse Ventures.
Strategic Use of Funds and Key Investors
Sweetch Energy plans to utilize the funds for the finalization of its first demonstrator, employing the proprietary INOD® technology, located in the Rhône delta, France, in collaboration with Compagnie Nationale du Rhône (CNR). The funds will also support expanded R&D activities, the establishment of industrial assembly lines, and global expansion, focusing on Europe and North America.
INOD® Technology and Osmotic Energy Potential
Sweetch Energy, led by CEO Nicolas Heuzé, is at the forefront of osmotic energy innovation, aiming for a carbon-neutral world. The revolutionary INOD® technology efficiently generates clean electricity from saltwater, an abundant and previously untapped energy source. This technology utilizes nanoscale membranes and exclusive electrode systems to harness osmotic energy, boasting unparalleled performance and eco-friendly, bio-sourced materials.
Strategic Partnerships and Research Collaborations
The company enjoys strong financial backing from a consortium of industrial, deeptech, and cleantech investors, including EDF, CNR, Go Capital, Demeter Investment Managers, and Future Positive Capital. Collaborative efforts with French research institutions, particularly with Professor Lydéric Bocquet’s teams (CNRS, ENS), further enhance Sweetch Energy’s technological advancements.
Total Funding and Industry Impact
With the latest Series A funding, Sweetch Energy has secured nearly €40 million in private and public funding. This substantial investment is geared towards advancing osmotic energy technology and establishing a robust osmotic energy industry.
Source：finsmes.com
