Barton Blakeley partners with Elbow Beach Capital to raise £2.4m for carbon conversion technology
Nov 27, 2024•8 months ago
Contract Type
partnership
St AlbansRenewable EnergyEnergyManufacturingDescription
Barton Blakeley, a Harpenden-based carbon utilisation company, has secured £2.4m in funding with Elbow Beach Capital to further develop its chemical process designed to convert CO2 emissions into clean energy and synthetic silica. The funding will enable the company to deploy its first commercial system at an industrial site and initiate its first commercial partnerships, with the support of industry veteran Volker Beckers, CBE, as the new chair.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months