Wärtsilä has invested a further €1 million in Soletair Power, a Finnish CO2 direct air capture technology company.
This follows Wärtsilä’s original €500K investment in Soletair Power made in 2019. Soletair Power has developed a breakthrough solution for capturing the carbon dioxide (CO2) from air in buildings that can be used when creating synthetic renewable fuel. This latest investment enables Soletair Power to further its global sales efforts and to scale up the manufacturing of its CO2 capture solution for building ventilation.
“Wärtsilä and Soletair Power are both committed to creating a sustainable future through technology development. Cooperating with Wärtsilä has been very fruitful and they have supported our development beyond the typical investor role. This latest Wärtsilä investment will play an important role in allowing us to meet the growing demand for cost-efficient and carbon-neutral solutions.”Petri Laakso, CEO of Soletair Power.
“Soletair Power has already demonstrated how the captured CO2 can be turned into synthetic renewable fuels, and there are many other interesting applications under development in different industries for its utilization.”Matti Rautkivi, director, new business at Wärtsilä Energy.