- Series A of CHF 9 million reinforces TreaTech’s ability to industrialise its differentiated hydrothermal gasification technology across select markets.
- Series A round is led by Engie New Venture and Montrose Environmental Group with the support of the EIC Fund, Sipchem, CMA CGM Fund for Energies, and Holdigaz.
- Funds raised since TreaTech’s inception now total CHF 15 million, including initial seeding from PMEP, Swiss Federal Office of Energy, Swiss Federal Office of Environment, Fondation pour le Climat, Gebert Rüf Stiftung, Bridge SNF, and Innosuisse among others.
TreaTech is pleased to announce its Series A financing for CHF 9 million has closed successfully, led by Engie New Venture (ENV) and Montrose Environmental Group (NYSE: MEG) as well as the EIC Fund, Sipchem Europe, CMA CGM Fund for Energies and Holdigaz. The investors have a deep conviction in TreaTech’s technology and its potential to improve waste treatment while providing additional sources of renewable gas for broad energy use.
TreaTech was founded in 2015 by life sciences and chemical engineers at the Swiss Federal Institute of Technology in Lausanne. Together, the co-founders share the desire to harness the power of the circular economy and have created an innovative product that can convert various waste streams into valuable resources in a sustainable and cost-efficient manner.
TreaTech’s patented technology uses hydrothermal gasification (HTG) to convert waste streams that are usually incinerated into integral products, such as fresh water for industrial and consumer use, minerals including phosphorous, nitrogen and potassium used for fertiliser, and crucially a constant supply of methane-rich renewable gas that can be used as an onsite energy solution or injected into the grid network.
Frédéric Juillard, CEO of TreaTech, said: “We believe our innovative technology unlocks the future of waste treatment processes. By embedding modular and circular solutions into existing waste treatment processes we are able to extract the maximum value waste outputs. We have already validated our technology against multiple sectors and proved that our product can transform waste streams into high value resources.”
“We are pleased that industrial public listed multinationals share our vision and ambitions for the future. We are grateful for their investment which allows us to further develop our technology, extend our product offering to more clients, and raise awareness of the importance of circular waste treatment solutions.”
Vincent Pichon, Investment Director at Engie New Ventures, comments: “TreaTech’s patented technology has the potential to capture the full value of liquid organic waste from various industries, and its ability to extract methane rich gases provides new renewable gas sourcing opportunities. As ENGIE strongly supports the development of renewable gases, as part of its high renewables ambitions to accelerate the energy transition, we are pleased to support TreaTech’s development, partnering with a great consortium of investors.”
Steve Woodard, Ph.D., Chief Innovation Officer at Montrose Environmental Group, said: “We are pleased to support TreaTech and expand Montrose’s R&D leadership as we work to help address the world’s most challenging environmental concerns. TreaTech is pioneering more efficient ways to transform waste into methane-rich renewable gas, clean water and valuable minerals. Given our focus on lower carbon intensity energy and impacts on water quality and access, we look forward to supporting Frédéric and his team in their important mission and continued expansion to new markets, including the United States.”
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