AtmosZero, a pioneering company dedicated to decarbonizing steam, has successfully closed a $21 million Series A funding round, co-led by Engine Ventures and 2150. The primary objective of this funding is to accelerate the commercialization of its innovative Boiler 2.0 technology. Joining the investment round are Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation (Nasdaq: CEG), along with existing supporters Energy Impact Partners, Starlight Ventures, and AENU.
Industrial steam production, a critical component across various sectors from food and beverage to chemical manufacturing, traditionally relies on fossil fuel combustion in on-site boiler systems, contributing to approximately eight percent of global primary energy usage. AtmosZero’s revolutionary Boiler 2.0 technology harnesses heat from the air to produce high-temperature steam with optimal efficiency and zero carbon emissions, offering companies a swift and cost-effective alternative to their current natural gas and oil boilers.
Addison Stark, CEO and Co-Founder of AtmosZero, emphasizes the company’s commitment to addressing industrial decarbonization challenges by introducing a scalable, drop-in replacement product. Stark states, “Our vision is to eliminate global emissions from fossil-fueled boilers. The investment from prominent US and European investors today serves as a significant validation of our technology and approach towards eliminating Scope 1 boiler emissions.”
Michael Kearney, General Partner at Engine Ventures, underscores the importance of transitioning away from fossil fuel reliance in the pursuit of net-zero emissions. Kearney states, “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 recently announced strategic collaborations, including a partnership with New Belgium Brewing Company and the establishment of AtmosZero Europe B.V. in Amsterdam. These initiatives, coupled with the Series A funding, will further propel AtmosZero’s efforts in executing commercial pilots and expanding its European presence.
Christian Hernandez Gallardo, Partner and Co-Founder of 2150, expresses enthusiasm for AtmosZero’s potential impact in decarbonizing industrial process heat. Gallardo states, “The technology Addison and his all-star team have developed unlocks vast impact potential in this market, offering a financially viable solution to customers eagerly awaiting decarbonization opportunities in Europe.”
In addition to securing Series A funding, AtmosZero has been awarded a $3.2 million grant from the U.S. Department of Energy’s Industrial Efficiency and Decarbonization Office (IEDO) to accelerate decarbonization efforts within the American industrial sector.
About AtmosZero:
AtmosZero is revolutionizing the boiler room for a decarbonized future, offering a streamlined approach to decarbonization through its high-efficiency electrified steam generator, Boiler 2.0. Proudly originating as a spin-out from Colorado State University, AtmosZero is headquartered in Fort Collins, CO.
————
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com
By Proptechbuzz
By Ravi Kumar