Sweetch Energy secures €25M to accelerate the global deployment of osmotic energy
Sweetch Energy, a renewable energy company specialising in osmotic energy, announced today the closing of a €25M Series A financing round to accelerate the industrial and commercial development of osmotic energy in France and abroad.
The funding will enable Sweetch Energy to finalise its first demonstrator generating clean electricity using proprietary INOD® technology, currently under development on the Rhône delta (France) in
partnership with Compagnie Nationale du Rhône (CNR). It will also be used to further expand R&D activities, deploy the first industrial assembly lines, and support the global expansion of the company,
especially in Europe and North America.