Sweetch Energy Secures €5.2m Investment to Develop Its Breakthrough Osmotic Energy Technology
Sweetch Energy, a European company that pioneers advanced nanotechnology and eco-material science to harness osmotic energy, announced today that it has secured 5.2 million euros to initiate its industrialization phase and develop a first full-scale prototype. Osmotic energy represents a breakthrough in renewable energy as a non-intermittent and abundant source of clean electricity.
Mississippi River Delta. Image Credit: European Space Agency
The investment round was supported by a group of deeptech and cleantech investors with a strong track record in backing highly disruptive industrial companies such as Ÿnsect, Meatable or McPhy Energy. It was led by new investor Future Positive Capital, and co-led by existing investors Demeter and Go Capital. Other investors such as Dominique Gaillard, co-founder of Ardian, and Fabio Ferrari, founder of Symbio, one of Europe’s pioneers in the h