UK: Material Evolution raised US$19m in a Series A funding round to scale production of its 85% reduced-CO2 cement. Material Evolution produces cement at ambient temperature using its own ambient fusion process. Its inputs consist of industrial wastes and feedstocks. Tech Crunch News has reported that venture capital firm Kompas VC led the funding, with participation from fellow venture capital firms Norrsken VC and Circle Rock Capital, as well as quarried materials producer SigmaRoc.
Material Evolution's CEO Elizabeth Gilligan said “Fusion technology has been hailed as the way to meet humanity’s energy needs for millions of years, whilst emitting no CO2 or other greenhouse gases."