PuriFire Energy Secures £2.7 Million for Green Innovation
PuriFire Energy, an innovative company based in Cambridge, UK, is making significant strides in the realm of sustainable energy. Recently, the company secured an impressive £2.7 million in Seed funding, an essential step forward in their mission to provide cutting-edge green hydrogen and methanol solutions. The funding round was spearheaded by HICO Investment Group, with notable contributions from Bulnes Capital, R&R Investments, and Abhishek Desai. In an exciting development, Chris Hartnoll, the CEO and Managing Director at HICO Investment Group, will now bring his expertise and vision to PuriFire’s Board as part of this investment initiative.
The recent capital raise will be strategically combined with a £525,000 (approximately US$650,000) grant from Innovate UK, allowing PuriFire to embark on a pilot project aimed at revolutionizing the production of green methanol.
By mid-2025, the company plans to utilize its patented technology to convert anaerobic digestion liquid digestate and other wet feedstocks into sustainable green methanol. This ambitious project not only highlights PuriFire’s innovative approach but also aligns with the urgent need for environmentally friendly alternatives in energy production, reinforcing their commitment to a cleaner future.
Founded in 2019 by Dr. Matthew Pearce alongside CEO Neel Shah, PuriFire Energy emerged from Dr. Pearce’s groundbreaking research into hydrothermal treatment technologies conducted at Cranfield University. With a robust team boasting significant scientific and engineering expertise, the company is fiercely dedicated to reducing greenhouse gas emissions. PuriFire Energy strives to play a pivotal role in accelerating the transition to a low-carbon economy, ultimately contributing to a sustainable environment for both current and future generations. The journey that PuriFire is on signifies not just innovation in technology but also a movement toward a greener, more sustainable world.
They've invested in PuriFire Energy
Get to know these Greentech investors
Click here for a full list of 6,218+ startup investors in the UK