HELSINKI (Pakistan Point News / Sputnik - 02nd March, 2021) Finnish power plants and energy systems manufacturer Wartsila on Tuesday announced allocating additional one million euro ($1.2 million) to start-up company Soletair Power Oy, which has developed a technology that allows conversion of carbon dioxide (CO2) into synthetic fuel.
In April 2019, Wartsila gave Soletair Power Oy the initial funding of 500,000 Euros ($600,420).
"The technology group Wärtsilä has invested a further EUR 1 million in Soletair Power Oy, a Finnish CO2 direct air capture technology company ... 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," Wartsila said in a statement.
The start-up's technology involves capturing CO2 and in-house air supplied to a building's ventilation and then combining it with hydrogen, produced by an electrolyzer module powered by renewable energy, into hydrocarbons for energy or manufacturing needs.
