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Liquid Wind raises €15.2M in Series B; green electrofuel for the marine industry

Liquid Wind, the Swedish green electrofuel development company, has raised €15.2 million in Series B financing. Existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and other shareholders are also participating in this round, alongside HyCap Fund I SCSp, a UK-based hydrogen specialist investment fund.

With the proceeds from to the series B round, the company will continue building its capabilities and developing projects for decarbonizing the maritime industry. In 2021, Liquid Wind raised €4 million in Series A funding.

Liquid Wind recently received the environmental permit for FlagshipONE in Örnsköldsvik, which is co-owned with Ørsted. In August this year Liquid Wind announced that its second facility FlagshipTWO will be developed in Sundsvall.

Both facilities are located in north-east Sweden and will produce green electrofuel for the marine industry.

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