Liquid Wind funding news – Gothenburg-based Liquid Wind has Secured €44 Million in Series C Round Funding

Purpose of fund Raising

This funding will help Liquid Wind develop 10 eFuel facilities by 2027, with the long-term goal of having 500 facilities worldwide by 2050.

Claes Fredriksson, CEO and Founder of Liquid Wind, said: “Global shipping has realised the urgency of low-carbon eFuels as a commercial necessity to meet sustainability targets and new regulations. The demand for low-carbon maritime fuels is undeniable, and we are seeing major shipping companies launching eFuel-powered vessels. Our shareholders recognise this, and we are pleased to welcome Samsung as a new investor, alongside continued support from Uniper and Hycap. This backing strengthens our capacity to accelerate production and advance our vision to reduce the world’s dependency on fossil fuel. The investment, the largest in our company history reflects their confidence in Liquid Wind’s potential to scale eFuel production in the years to come.”

By 2050, more than 100,000 ships will need to switch to sustainable energy to meet the International Maritime Organization’s net-zero targets. It’s flexible and modular facilities can help with this shift, as each plant can produce 100,000 tonnes of eFuel each year and capture 150,000 tonnes of CO2.

Read also - Taito.ai funding news - Helsinki-based Taito.ai has Secured €2.5 Million in Seed Funding

HYCAP’s CEO, James Munce, highlighted the significance of Liquid Wind’s approach, stating “We are pleased to strengthen our backing for Liquid Wind and its innovative eFuel facilities. Their standardised approach to scaling low-carbon fuel production is exactly what the maritime sector needs to meet its decarbonisation targets. Since our initial investment, Claes and the team have demonstrated a laser focus on delivering the underlying projects and accelerating energy transition in the maritime sector.”

It works with top decarbonisation companies like Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe.

The company has also teamed up with energy providers such as Sundsvall Energi, Umeå Energi, NordFuel, and Puhuri to support projects in Sweden and Finland. One of their key projects is the NorthStarH2 initiative in Östersund, Sweden, led by Liquid Wind, which aims to save around 200,000 tonnes of CO2 annually.

About Liquid Wind

Founded in Gothenburg, Sweden, Liquid Wind focuses on producing eMethanol, a fossil-free fuel aimed at reducing emissions in hard-to-decarbonize industries like shipping.