Barton Blakeley, a company in Harpenden, has secured £2.4m in funding led by Elbow Beach Capital to further its carbon capture technology.
- The funding will support the deployment of its first commercial CO2 conversion system at an industrial site.
- Christopher Barton, CEO, anticipates the commercialisation of their modular technology with industry partners.
- Volker Beckers, former CEO of RWE Npower, joins as chair, highlighting the company’s promising strides in clean energy.
- Barton Blakeley aims to mitigate 16.5 kilotonnes of CO2 emissions annually over the next four years.
Barton Blakeley has successfully raised £2.4m in a funding round spearheaded by Elbow Beach Capital. This financial injection is aimed at enhancing the company’s pioneering approach to carbon capture and conversion technology. Barton Blakeley’s innovative system transforms CO2 emissions into both clean energy and synthetic silica, thus offering a sustainable alternative that seeks to decrease carbon emissions by over a kilo-tonne annually. The newly acquired funds will facilitate the introduction of their first commercial system on an industrial scale, marking a significant milestone in their commercialisation journey.
Speaking on the recent developments, Christopher Barton, CEO of Barton Blakeley, expressed enthusiasm about transitioning the technology into practical applications. He highlighted their strategic focus on collaborating with industry partners to expand the reach and efficacy of their systems. This move underscores their commitment to developing scalable solutions aimed at reducing industrial carbon footprints.
The company recently appointed Volker Beckers, former group CEO of RWE Npower, as chair to guide the company during this transformative period. Beckers, recognised for his contributions to nuclear energy, brings a wealth of experience to Barton Blakeley. He expressed his eagerness to support Barton Blakeley through the scale-up process and into new commercial partnerships.
Founded in 2016, Barton Blakeley has been at the forefront of developing modular sites that directly capture and utilise CO2. These technologies provide a cost-effective means of producing synthetic silica, a component essential in numerous everyday products. By substantially reducing the CO2 needed in its production compared to traditional methods, Barton Blakeley’s approach presents a valuable opportunity in the $500 billion global market.
In this funding venture, Elbow Beach Capital contributed £1.7m, continuing its investment streak in the climate tech arena. Their CEO, Jonathan Pollock, commended Barton Blakeley for their exceptional technological advancements, engaging with systems that promise broad and lasting environmental impacts. This funding will further the company’s ambitious four-year agenda to mitigate 16.5 kilotonnes of CO2 annually.
Barton Blakeley’s innovative funding effort represents a pivotal step towards meaningful environmental impact through advanced carbon utilisation technology.
