Published by Todd Bush on November 27, 2024
HyperHeat Secures €3.5 Million to Advance Zero-Carbon Industrial Heating Technology
HyperHeat, a German climate startup, has raised €3.5 million (USD$3.7 million) in a new funding round to support the development and testing of its renewable energy-powered industrial heating solutions. The company aims to transform the energy-intensive, carbon-heavy processes used by industries like steel, cement, and chemicals.
>> In Other News: University of Oklahoma to Lead Oklahoma Carbon Hub
Founded in 2023 by Dr. Lars Amsbeck and Frederick Lessmann, HyperHeat is creating an electrically-powered heating system capable of reaching temperatures up to 2000°C. This innovation addresses the challenges faced by heavy industries, which contribute over 40 percent of global CO2 emissions. Industrial heating typically relies on fossil fuels to produce products like metals and plastics, exacerbating carbon emissions.
Data from Brookings highlights the immense challenges in decarbonizing heavy industry due to the need for extremely high temperatures and energy-intensive processes. HyperHeat’s system uses oxide ceramics for ultra-hot resistive heating, enabling cost-effective retrofitting of existing industrial furnaces when powered by renewable electricity.
“We’re not just reducing emissions—we’re providing a practical, scalable, and most importantly economical solution for industrial companies facing increasing carbon regulations and market pressure,” said Frederick Lessmann, Co-Founder of HyperHeat. “Our electric heater can retrofit existing furnaces and reach flame-like temperatures with unprecedented efficiency and durability.”
The €3.5 million investment will allow HyperHeat to continue building and testing its first industrial products, expected to launch by 2025. The funds will also accelerate R&D efforts and expand partnerships with pilot customers to deploy the technology.
“Our goal is to bring a transformative and economical solution to industrial heat generation that accounts for nearly 16 percent of global CO2 emissions,” said Dr. Lars Amsbeck, Co-Founder of HyperHeat.
The funding round was led by the Amadeus APEX Technology Fund, with participation from Finindus, Possible Ventures, E44 Ventures, Breakthrough Energy Fellows, and a group of angel investors.
Wolfgang Neubert, General Partner at APEX Ventures, commented, “The HyperHeat founding team combines a rare blend of technical brilliance and strategic vision that sets them apart in the industrial decarbonisation space. We’re confident their solution will play a crucial role in reducing carbon emissions and driving sustainable industrial growth.”
HyperHeat’s innovative approach has the potential to revolutionize industrial heating by offering a scalable, cost-effective path to achieving zero-carbon operations.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🎯 Doe Doubles Down on $1/kg Clean Hydrogen Goal 🕳️ Quebec Introduces First Legal Framework for Underground CO2 Storage 🧪 Charbone Announces Its First Hydrogen Supply Hub in the O...
Inside This Issue 🔧 Utilities Seek to Bypass Low-Level Hydrogen Blending Demo, Citing Proven Safety 🌍 EU Sets World’s First Voluntary Standard for Permanent Carbon Removals ✈️ Cathay Achieves Anot...
Inside This Issue 🛫 New US Powerhouse: XCF Global, DevvStream & Southern Merge for SAF Scale ⛏️ Carbon Capture, ‘Rare Earth’ From Coal Among Projects Poised to Get $11.7M in State Grants 🗺️ Ca...
New Online Platform Makes CDR Approaches Transparent and Comparable
How can carbon dioxide be permanently removed from the atmosphere? Which approaches are realistic, meaningful and responsible? The Carbon Removal Atlas (CDRatlas) now provides answers to these ques...
Element One is developing the technology to produce low cost, abundant and sustainable clean energy as well as in-situ critical mineral mining that will bring a fundamental change to mining and ene...
Baker Hughes and Giammarco Technologies S.r.l. have entered into an exclusive collaboration to accelerate the commercialization of Hot Potassium Carbonate (HPC) technology for post-combustion carbo...
Charbone Announces Its First Hydrogen Supply Hub in the Ontario Market
CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) ("CHARBONE" or the "Company"), a North American producer and distributor specializing in clean Ultra High Purity ("UHP") hydrogen and strateg...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.