Khimod Secures €23 Million Funding to Lead Europe's Power-to-X Innovation
Key Ideas
- French startup Khimod closes a significant funding round of €23 million to accelerate the development of its Power-to-X technology, focused on converting CO2 and green hydrogen into clean fuels.
- The funding, led by Bpifrance’s SPI Fund and Audacia’s Industrial Decarbonisation Fund, reflects confidence in Khimod's potential to revolutionize the clean energy sector and reduce emissions in hard-to-decarbonize industries.
- Khimod's innovative Heat Exchanger-Reactors (HERs) enable the production of clean synthetic fuels like e-methanol and e-methane, contributing to ambitious projects such as Avebio, a sustainable aviation fuel production site slated to begin operations by 2025.
- With a commitment to scalability and efficiency, Khimod aims to drive the sustainable energy transition in Europe by offering modular Power-to-X solutions tailored for practical deployment in the current energy landscape.
French climate tech startup Khimod has recently secured €23 million in funding to advance its Power-to-X (PtX) technology. The funding round, spearheaded by Bpifrance’s SPI Fund and Audacia’s Industrial Decarbonisation Fund, emphasizes Khimod's potential to disrupt the clean energy sector. At the core of Khimod's innovation lies the Heat Exchanger-Reactors (HERs), compact units that utilize green hydrogen and CO2 to produce clean synthetic fuels such as e-methanol and e-methane, as well as sustainable aviation fuel (SAF). By targeting hard-to-decarbonize industries, Khimod aims to significantly reduce emissions. The funding injection will facilitate the scaling of projects like Thor in France, Pegasus in Italy, and Avebio, Khimod's inaugural SAF production facility set to launch by 2025. Khimod's modular and efficient approach positions it as a key player in the green energy transition. By offering scalable Power-to-X solutions, Khimod is poised to lead the shift towards sustainable energy in Europe with practical, cutting-edge technology.
Topics
Europe
Aviation
Clean Energy
Innovation
Funding
Green Transition
Sustainable Fuels
Climate Tech
Modular Tech
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