Deeptech tech startup SUBLIME Energy today announced that it has secured €11.5 million in funding.
Founded in 2019 in France, the company supports biogas production to substitute renewable gasses for fossil fuels. These gasses are an alternative to their fossil-based counterparts, strengthening regional resilience.
SUBLIME Energy's proprietary biogas liquefaction technology enables the local collection of biogas from small or remote farms, making them economically viable by sharing the costs of purification.
Specifically, the technology developed by the CES (Center for Energy Efficiency Systems) of the Mines Paris - PSL will open up a new market potential of approximately 26TWh of biomethane and enable the capture of millions of tonnes of CO2 per year in France.
The biomethane produced will help reduce carbon emissions from heavy transport. It can be used directly on farms, including in BioLNG-powered tractors, or in the logistics sector by heavy trucks.
This latest round of financing, led by the Environment and Solidarity Revolution Fund managed by Credit Mutuel Impact and PSL, will support the development, production and deployment of a demonstration plant.
This demonstrator will produce 180 tonnes of low-carbon fuel and 300 tonnes of biogenic CO2 per year. By 2025, it will be installed in Gazéa, a company operating an agricultural methaniser.
By 2026, the first commercial project is expected to integrate around a dozen methanisers with this innovation.
Bruno Adhémar, co-founder and president of SUBLIME Energy, shared:
"This new financing is a key step for SUBLIME Energy. Having proven the efficiency of the world's first biogas liquefaction and purification technology, we now have the means to deploy it.
We are now taking a huge leap towards commercialisation and large-scale deployment, thanks to the confidence of the Crédit Alliance Fédérale teams responsible for the Environment and Solidarity Revolution Fund."
Sabine Schimel, Managing Director of Crédit Mutuel Impact, said:
"By reinforcing the development of the biomethane and bioCO2 sector and providing farmers with additional income, the innovative solution proposed by SUBLIME Energy is fully in line with the investment strategy of our Environment and Solidarity Revolution Fund, financed by the Crédit Mutuel Alliance Fédérale social dividend.
We are committed to supporting SUBLIME Energy over the long term to enable it to scale up and successfully commercialise its environmentally friendly technology".
Lead image: SUBLIME Energy. Photo: uncredited.
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