Sustainable energy infrastructure technology provider Nuventura announced today that it has raised €25 million, with proceeds supporting its solutions to help aimed at accelerating the company’s efforts to support the energy industry’s shift away from the use of greenhouse gas (GHG)-based infrastructure.

Founded in 2017, Berlin-based Nuventura specializes in GIS (gas-insulated switchgear) technologies that replaces sulfur hexafluoride (SF6) with dry air. SF6 is a potent greenhouse gas with more than 25,000x global warming power than CO2. Gas insulated switchgear is a key component in electrical grids and energy infrastructure. According to the company, its GIS technology eliminates the operational and environmental problems associated with SF6, while retaining its benefits, which include its compact physical footprint and reliability.

Nuventura sais that the proceeds from the funding will support its product portfolio expansion and the development of its manufacturing capabilities around the world.

Dr Fabian Lemke, Nuventura Co-founder and CEO, said:

“Greater appreciation for the environmental threats posed by SF6 and accompanying regulatory oversight means that Nuventura, with our dry-air alternatives, is very much in the right place at the right time. This funding round is evidence of that and puts us in an ideal position to expand our operations internationally and continue providing sustainable switchgear alternatives for different use-cases together with our valued business partners around the globe.”

The financing was led by led by sustainable finance asset manager Mirova, with new investors including Forward.one, and EIC Accelerator, and existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties.

Anne Boulet, Investment Manager at Mirova, said:

“The purpose of Mirova’s private equity strategy is to foster the growth of innovative companies having a positive environmental impact. As the drive towards a progressive SF6 phase out is increasing, we are thrilled to have been given the opportunity to support Nuventura’s great team in their international expansion and as such actively contribute to decarbonising the energy industry.”