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CarbonRe
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Developer of an AI optimization platform to decarbonize the cement and steel industries

Founded in 2020
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Company type Private Public ()
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Industry Group materials & chemicals

Sector platforms & marketplaces

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom London, United Kingdom
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Updated by Cleantech Group on 06/04/2024

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Date Company
10/07/2024

Heidelberg Materials Heidelberg Materials

Heidelberg Materials to integrate Carbon Re’s AI on top of ABB Ability Expert Optimizer.

Confirmed by Heidelberg Materials

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IPO INFORMATION

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Description

Date Investors Type Amount
08/13/2023 UK Department of Energy & Net Zero (DESNZ) UK Department of Energy & Net Zero (DESNZ) (1)
Post-money valuation of
The project will upgrade this platform to identify an optimum fuel mix for the cement plant using alternative fuels, using the unique data from the platform to enhance their AI-powered predictive tools that can guide cement manufacturers on their use of alternative fuels – making the transition to the use of alternative fuels easier. The project is targeting
Grant $170,000
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