Serentica Renewables, a UK-based waste-to-hydrogen company, has secured an additional $250 million investment from global investment firm KKR. The investment will enable Serentica Renewables to expand its operations and accelerate the development of its waste-to-hydrogen technology.
Serentica Renewables uses a proprietary technology to convert non-recyclable waste into hydrogen, which can then be used to power vehicles, homes, and businesses. The company’s technology has the potential to reduce carbon emissions and provide a sustainable alternative to traditional fossil fuels.
The additional investment from KKR comes just six months after the company secured $50 million in funding. With this latest investment, Serentica Renewables has now raised a total of $300 million in funding.
KKR’s investment is a testament to the potential of Serentica Renewables’ technology. The investment firm believes that Serentica Renewables has the potential to become a market leader in the waste-to-hydrogen sector and is committed to supporting the company’s growth.
The investment will enable Serentica Renewables to build more waste-to-hydrogen plants and expand its operations globally. The company is already working on developing a commercial-scale plant in the UK, which is expected to start operations in 2024.
Serentica Renewables’ waste-to-hydrogen technology has the potential to revolutionize the way we think about waste management and renewable energy. The technology has the potential to significantly reduce carbon emissions and provide a sustainable alternative to traditional fossil fuels.
In conclusion, the additional $250 million investment from KKR is a significant development for Serentica Renewables. The investment will enable the company to accelerate the development of its waste-to-hydrogen technology and expand its operations globally. Serentica Renewables’ innovative technology has the potential to transform the waste management and renewable energy sectors and contribute to a more sustainable future.
