Paris-based Spark Cleantech at this time introduced the profitable completion of a €30 million Sequence A funding spherical (together with €17 million in fairness) to allow the decarbonisation of heavy industries (glassmaking, metallurgy, polymers, batteries) by way of a clear different to fossil-fuel combustion.
The spherical was led by 360 Capital and Taranis, with participation from the Île-de-France Reindustrialisation Fund (initiated by the Île-de-France Area and operated by Innovacom), alongside Asterion Ventures, the corporate’s long-standing investor.
“Following our Seed spherical in the summertime of 2023, we succeeded in deploying a primary industrial pilot in beneath a yr. We now have validated clear market traction and assembled a world-class worldwide workforce. This funding will allow the scale-up that industrial gamers are looking for to cut back their carbon footprint cost-effectively and to speed up industrial deployment,” feedback Patrick Peters, co-founder of Spark Cleantech.
Latest 2025 funding exercise reveals that industrial-decarbonisation and clean-materials applied sciences stay a powerful focus for European enterprise capital.
For instance, GravitHy – a Marseille-based low-carbon iron producer concentrating on the clean-steel sector – raised €60 million to finance its plan to provide Direct Lowered Iron (DRI) / Scorching Briquetted Iron (HBI) to steelmakers, advance engineering, safe permits and rent employees. Equally, Tulum Energy – a Milan-based startup centered on scalable low-carbon hydrogen manufacturing by way of methane pyrolysis – secured €22.9 million in Seed funding to construct out its clean-hydrogen manufacturing know-how for industrial use. And PeroCycle, a Cambridge-based carbon-recycling agency aiming to decarbonise steelmaking by way of a closed-loop carbon-recycling know-how, raised €4.5 million to assist its pilot deployment and growth of its course of.
In that gentle, the €30 million Sequence A spherical for Spark Cleantech is firmly embedded in a broader European pattern: buyers are backing a diversified array of DeepTech decarbonisation options addressing hard-to-abate industrial sectors.
The presence of sizeable raises in adjoining areas equivalent to low-carbon iron (GravitHy), clear hydrogen (Tulum Power), and carbon recycling (PeroCycle) underscores that there’s persevering with urge for food for applied sciences that materially scale back industrial CO₂ emissions whereas remaining appropriate with current industrial worth chains.
Furthermore, as a result of none of these different firms is Paris-based, this spherical provides home energy in France to this cross-Europe wave of business climate-tech funding.
Based in 2022 inside the laboratories of CentraleSupélec, Spark Cleantech has developed a know-how based mostly on pulsed plasmolysis, lowering emissions by 85% whereas producing two decarbonised supplies (strong carbon and hydrogen) with a four-fold improve in financial worth.
Based by Erwan Pannier and Patrick Peters, the corporate has raised €34 million since inception.
This new funding will speed up Spark Cleantech’s scale-up, enabling the corporate to finalise and function its first manufacturing module, which is able to subsequently be deployed throughout consumer amenities.
It would additionally assist the qualification of Spark Cleantech’s first industrial carbon grades, one of many two supplies generated by pulsed plasmolysis. The workforce will broaden with 20 new roles throughout industrial operations, engineering, and R&D.
“The decarbonisation of heavy trade is without doubt one of the defining challenges of the a long time forward. However we should be candid: with out financial viability, it merely is not going to occur. In Spark Cleantech, we discovered a workforce of entrepreneurs and industrial leaders who share this pragmatic view and who’re delivering a know-how that responds on to it,” provides Thomas Nivard, Associate at 360 Capital.
Their course of replaces the combustion of hydrocarbons in high-temperature industrial furnaces and in supplies manufacturing with an alternate that’s reportedly not solely totally decarbonised, but additionally economically aggressive and requires minimal adaptation to current industrial processes.
Spark Cleantech’s modules are put in between the consumer’s current fuel community and their high-temperature industrial burners. Via pulsed plasma, the know-how removes carbon from the fuel previous to combustion, leaving solely hydrogen, a totally decarbonised vitality supply.
The extracted carbon is remodeled right into a strong nanomaterial, important for polymers and battery manufacturing. Spark Cleantech’s carbon, produced with out emissions, replaces a petroleum-derived materials with a excessive carbon footprint.
In sensible phrases, pulsed plasmolysis converts a hydrocarbon, with out combustion, into two decarbonised supplies whose mixed financial worth is multiplied by 4. Spark Cleantech’s know-how is at present being examined by purchasers throughout metallurgy, glassmaking, polymer manufacturing, and battery manufacturing.
Spark Cleantech’s modules will probably be put in immediately on industrial websites consuming pure fuel, enabling hydrogen to be produced precisely the place it’s wanted, with out transport or large-scale storage. The strong carbon will probably be collected and routed to industrial sectors that utilise this nanomaterial.
Superior discussions are beneath manner with a number of industrial teams, and preliminary contracts have already been signed to organize the deployment of economic items in 2027.
