Jera invests in UK CO2 capture, hydrogen storage startup
SUMMARY
UK-based Immaterial develops and produces monolithic metal-organic frameworks (MOFs) designed for the separation and storage of gas molecules.
By Shardul SharmaJapanese energy company Jera, through its venture capital arm Jera Ventures, has invested approximately £1mn in Immaterial, a UK company working to accelerate the energy transition with its CO2 capture and hydrogen storage technologies, Jera announced on September 20.
Immaterial develops and produces monolithic metal-organic frameworks (MOFs) designed for the separation and storage of gas molecules. MOFs are organic-inorganic hybrid materials developed as adsorbents to separate and store H2, CO2, or other chemical compounds from industrial mixed gas streams.
Immaterial's monolithic MOFs are industrially robust and have a higher adsorption capacity than traditional MOFs, leading to lower operating and capital costs, Jera said.
Jera is investing in Immaterial because it believes that the company's technologies have the potential to accelerate the resolution of the challenges facing the energy industry in its transition to a low-carbon future. These challenges include the need to reduce the cost of transporting and storing hydrogen energy and to develop effective CO2 capture and storage technologies.
