Swedish power-to-liquids (PtL) start-up consortium Liquid Wind has revealed that 150 people have invested SEK 2.4 million (≈ EUR 227 280) through the crowdfunding platform FundedByMe, to support the planning and development of Sweden’s first production facility for electro-fuels (e-fuels) and help to mitigate climate change.
Sweden has committed to reducing carbon dioxide (CO2) emissions by 70 percent by 2030 in the transportation sector. By combining renewable wind energy with waste CO2, Liquid Wind aims to create a climate-neutral liquid fuel which will be used as an alternative to fossil fuel and will provide an important part of the solution to reduce CO2 emissions.
The support we have received from our 150 crowdfunders is invaluable. It is really exciting to see the power of crowdfunding, that private individuals from all over the world are interested in alternative fuels and investing in our future and our planet, said Claes Fredriksson, CEO, and Founder of Liquid Wind.
Liquid Wind plans to build six plants for renewable fuel in Sweden, before expanding internationally. Each plant will reduce CO2 emissions by 2 million tonnes. The ambition is to reduce CO2 emissions by a total of 50 million tonnes annually, which corresponds to Sweden’s total emissions.
Well-managed and well-represented companies such as Liquid Wind who take clear account of investor conditions with good valuation, good growth opportunity and have a driven team tend to succeed well on FundedByMe. This campaign has been a lot of fun to follow as they followed our advice and suggestions, been very determined and dedicated and had the right offer. We look forward to seeing the company’s growth journey and thank them for the confidence that they chose our platform, said Daniel Daboczy, CEO at FundedByMe.
For the last two years, Liquid Wind has conducted feasibility studies, preparations for financing and assembled a “powerful consortium of five large reputable companies” with robust knowledge of building chemical and energy facilities, and they are now ready to move to the next phase in the development, and bring their climate-neutral fuel to market.
Now we are really excited to continue the development of our first facility, and bring this critical alternative fuel to market as quickly as possible to reduce our climate emissions and help create a better future, said Claes Fredriksson adding that the Gothenburg-based company is open for new investors.