Profile
Corporate information
Official name
Turn Energy GmbH
Also known as
Turn2X
Registration country
Official name
Turn Energy GmbH
Also known as
Turn2X
Registration country
Investment activity status
Active investor
Overview
Turn Energy has developed a novel, efficient reactor to reduce the carbon footprint of heavy industry. It produces green methane, which is also called renewable natural gas (RNG) because it uses renewable energy. The process combines carbon dioxide (CO2) and hydrogen (H2) and produces RNG (methane, CH4) and water (H2O). Placed next to an industrial plant, this reactor effectively allows the plant to reduce the amount of carbon dioxide going into the atmosphere. Capturing CO2 and turning it into RNG which can then be used by the plant as source of energy again, this innovative technology allows for a circular production process.
Funding
Funding rounds
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
First Momentum Ventures | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
Verve Capital Partners AG | Switzerland | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
LEA Partners GmbH | Initial investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Round | |
---|---|---|
First Momentum Ventures |
N/A | |
LEA Partners GmbH |
N/A | |
Verve Capital Partners AG |
N/A |