CO-based AtmosZero secures $21million in series A round funding. This round was co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology.
Read also – CA-based Freenome Secures $254Million in Funding
Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation (Nasdaq: CEG), also joined the round along with existing backers, Energy Impact Partners, Starlight Ventures, and AENU.
Michael Kearney, General Partner at Engine Ventures said, “The path to net-zero emissions runs through the boiler room and requires the replacement of existing fossil-based systems, Reducing reliance on fossil fuels isn’t just an environmental imperative — it’s a geopolitical one, too. We are thrilled to support the AtmosZero team’s mission to decarbonize industrial emissions with its scalable, drop-in electrified solution.”
AtmosZero’s proprietary Boiler 2.0 technology extracts heat from the air and delivers high-temperature steam with maximum efficiency and zero carbon emissions, allowing companies to replace their existing natural gas and oil boilers quickly and cost-effectively.
Read also – CA-based Point2 Technology Secures Additional $22.6Million in Series B Round Funding
Addison Stark, CEO of AtmosZero said, “AtmosZero is solving for industrial decarbonization by electrifying the boiler room and building a scalable, drop-in replacement product rather than complex and expensive customized projects, Our vision is to eliminate global emissions from fossil-fueled boilers. The investment today from leading US and European investors is a tremendous validation of our technology and approach to eliminating Scope 1 boiler emissions.”
Michael Kearney, General Partner at Engine Ventures said, “The path to net-zero emissions runs through the boiler room and requires the replacement of existing fossil-based systems, Reducing reliance on fossil fuels isn’t just an environmental imperative — it’s a geopolitical one, too. We are thrilled to support the AtmosZero team’s mission to decarbonize industrial emissions with its scalable, drop-in electrified solution.”
Last year, AtmosZero unveiled a strategic partnership with New Belgium Brewing Company that involves a full-scale pilot at New Belgium’s flagship facility.
Read also – Canada-based Armilla AI Secures $4.5Million in Seed Funding
Additionally, the company launched its European subsidiary, AtmosZero Europe, B.V., based in Amsterdam. AtmosZero will use this investment to advance both efforts including executing the commercial pilot and expanding the company’s European reach.
Christian Hernandez Gallardo, Partner and Co-Founder of 2150 said, “Industrial process heat in the form of steam is essential for industries spanning food and beverage through to district heating and is responsible for over 2 gigatons of carbon dioxide per year, We were hunting for a solution that could unlock the vast impact potential in this market, with an offering that was a financial no-brainer to customers. The technology Addison and his all-star team have developed does exactly that and we look forward to supporting AtmosZero as they roll out their technology to the customers that eagerly await them in Europe.”
About AtmosZero
AtmosZero is reimagining the boiler room for a decarbonized future by introducing its carbon-neutral, industrial electric boiler to enable pathways for a more sustainable future. By streamlining the process from design to installation, its high-efficiency electrified steam generator offers the most cost-effective, scalable, and secure solution to decarbonize steam production across industrial manufacturing, or wherever steam is used today.
Read also – CA-based BridgeCare Secures $10Million in Funding
