Sheffield-based startup Future Greens, which is building bioreactors to convert unavoidable food and brewery waste into heat and power, has received £500,000 in new funding, the group announced on 16 December.
The combination of £340,000 equity and a £160,000 UK Government grant will be used to develop the Company’s proprietary approach, which is said to provide a tenfold improvement to anaerobic digestion technology for brewery customers. It will also enable Future Greens to expand its team with chemistry and biochemistry experts.
Investors include PXN Group, One Planet Capital, Baltic Ventures, Venture.Community and Lifted Ventures.
The company has attracted more than £800,000 (or US$ 1.1Million) in funding to date. It is also benefitting from additional £100,000 in non-dilutive support across regional collaborations with The Advanced Manufacturing Research Centre (AMRC) and South Yorkshire Innovation Programme (SYIP) with The University of Sheffield.
Future Greens’ proprietary system transforms organic waste into renewable power up to ten times faster than conventional anaerobic digestion, dramatically reducing energy and effluent costs while enabling compact, on-site reactors for food manufacturers.
Co-founder and CEO, David Dixon, said:
“Our experience in food production highlighted waste and energy as two major operational costs faced not only by us, but across the entire food industry. Now, we’re on a mission to address both through our innovative waste to energy reactors.”
Co-founder and COO, Gabrielė Barteškaitė, said:
“This funding allows us to accelerate delivery for customers already in the pipeline. We’re starting with breweries, where large volumes of spent grain, yeast, and wastewater create a clear opportunity to improve resilience through on-site renewable energy.”
