Solidia Technologies, a Piscataway, NJ-based developer of patented cement & concrete systems, received an investment from OGCI Climate Investments.
The amount of the deal was not disclosed.
The company intends to use the funds to expand the adoption of its technology.
Led by CEO and President Tom Schuler, Solidia has developed patented cement and concrete technology using CO2. The company’s technologies start with sustainable Solidia Cement™ and cure Solidia Concrete™ with CO2 instead of water, reducing carbon emissions up to 70% and recycling 60-80% of the water used in production.
Solidia’s investors include Kleiner Perkins Caufield & Byers, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures and Bill Joy.
Led by CEO Dr. Pratima Rangarajan, OGCI Climate Investments is the billion dollar investment arm of The Oil and Gas Climate Initiative (OGCI), a CEO-led initiative of ten oil and gas companies that collaborate on action to lead the industry response to climate change. It supports the development, deployment and scale up of new technologies that will significantly reduce greenhouse gas emissions.
FinSMEs
30/10/2017