BGF has invested over £3 million in Nuada, a UK-based company that is redefining the capture of carbon dioxide from foundational and hard-to-abate industries.

Carbon capture is an essential climate technology that is required to meet global climate goals. Nuada's next-generation 'heatless' capture technology is removing the deployment barriers of energy intensity and cost, enabling industrial emitters to decarbonise their operations efficiently and economically.

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Nuada is working with leading cement manufacturers (Buzzi Unicem, Heidelberg Materials and Cementir Holding) and is currently deploying a first-of-a-kind plant at Buzzi Unicem's Monselice plant in Northern Italy. The funding from BGF will support the construction of an additional pilot plant at an energy-from-waste facility in the UK, which will showcase the versatility of Nuada's award-winning technology.

Dr Conor Hamill, Co-Chief Executive Officer of Nuada, said: "There is no Net Zero without carbon capture. However, incumbent solutions are notoriously costly and energy intensive. Investment from BGF will further catalyse the scale-up and deployment of our technology, ensuring we are primed to efficiently decarbonise heavy industries."