Exergy3

Exergy3, a University of Edinburgh spin-out, has raised £10m in seed funding to scale its proprietary technology that converts surplus renewable electricity into high-temperature heat for industrial use.

Summary of transaction details:

• Value: £10m
• Sector: Sustainability
• Advisor: Not disclosed
• Key Entities: Exergy3, University of Edinburgh
• Location: Scotland

Note: This investment highlights the growing demand for innovative solutions that can help reduce carbon emissions and promote renewable energy, and will support Exergy3's mission to decarbonise industrial processes.