.
MergerLinks Header Logo

New Deal


Announced

Completed

NextEra Energy Resources led a $36m Series A round in Avnos.

Financials

Edit Data
Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Minority

Private

Single Bidder

Acquisition

Domestic

Private Equity

cost-effective technology

Direct Air Capture

Alternative Electricity

United States

Friendly

Completed

Venture Capital

Synopsis

Edit

NextEra Energy Resources led a $36m Series A round in Avnos, the Los Angeles-based company developing novel Hybrid Direct Air Capture technology for carbon dioxide removal, with participation from Safran Corporate Ventures, Shell Ventures, Envisioning Partners, and Rusheen Capital Management. Avnos has pioneered HDAC using proprietary materials and processes to capture both carbon dioxide and water simultaneously from the atmosphere. The process eliminates the need for external heat input and produces approximately five tons of water for every one ton of carbon dioxide captured. Avnos’ resource-intelligent technology means lower impact on and expanded employment opportunities for the communities surrounding HDAC facilities.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US