WtEnergy raises €10 million to bolster biofuel portfolio

Barcelona-based Waste to Energy Advanced Solutions (WtEnergy) has raised €10 million in fresh funding to accelerate the rollout of its biomass and industrial waste gasification technology across Europe. WtEnergy said that the new investment will support its efforts to scale operations, standardise plant designs, expand its organisational capabilities and advance new applications for syngas.

The funding round was led by SC Net Zero Ventures, the climate tech fund managed by Suma Capital, with participation from Shell Ventures and existing investor Cemex Ventures. The capital will enable WtEnergy to execute its growing project pipeline and deepen its footprint in key European markets.

Andrés Ponce, WtEnergy CEO, said, “This financing round represents a key milestone for Waste to Energy Advanced Solutions. It supports the accelerated deployment of our technology at an industrial scale, whilst helping our customers recover energy from their waste, turning it into a competitive source of alternative energy and new low-carbon molecules.”

Alfredo Carrato, Investment Manager at Cemex Ventures, said, “With this new investment, we reinforce our commitment to supporting startups that are redefining the industry’s energy future and creating tangible value across the cement value chain.”

About Waste to Energy Advanced Solutions

WtEnergy specialises in thermochemical conversion technology that transforms biomass and solid industrial waste into synthesis gas (syngas) through atmospheric gasification using a bubbling fluidised bed gasifier. A proprietary reforming process then cleans the syngas by removing contaminants, allowing it to replace fossil fuels in energy-intensive industries or be further processed into hydrogen, methanol and sustainable aviation fuel (SAF).

The company develops modular plants ranging from 5 MW to 50 MW, designed for integration directly within industrial facilities. This approach allows manufacturers to reduce energy costs, cut CO₂ emissions and support circular economy goals by converting waste that would otherwise go to landfill or incineration.

WtEnergy is currently focused on hard-to-abate sectors such as cement, paper, chemicals, ceramics and rendering, with several projects already operational or in advanced stages of development.