Waste to Energy Advanced Solutions (WtEnergy), a Barcelona-based company specialising in the energy recovery of waste and biomass through gasification technologies, has closed a €10 million financing round to support the execution of its project pipeline, plant standardisation, organisational strengthening, development of new syngas applications, and European expansion.

The round led by SC Net Zero Ventures, Suma Capital’s Climate Tech fund, focused on scaling growth-stage companies, with participation from Shell Ventures and existing shareholder Cemex Ventures.

“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, while helping our customers recover energy from their waste, turning it into a competitive source of alternative energy and new low-carbon molecules. Having partners such as Shell Ventures, Cemex Ventures and Suma Capital strengthens our vision and encourages us to take the next step in our growth,” said Andrés Ponce, CEO of WtEnergy.

WtEnergy was founded in 2017 by Ponce, and in 2019, Antonio Crous joined him as co-founder to scale the business commercially and develop the implementation of technology within strategic industries and sectors.

According to WtEnergy, the European industry faces the dual challenge of reducing emissions in energy-intensive processes while managing increasing volumes of industrial waste. The Spanish startup claims to tackle this by developing and operating its own gasification technology, which transforms waste and biomass into syngas (synthesis gas). It notes that this circular process gas can replace fossil fuels in energy-intensive industrial processes and can also be processed to produce hydrogen, methanol and sustainable aviation fuel (SAF).

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