Wartsila Invests in Soletair Power for Decarbonisation Drive
The technology group Wartsila has invested a further EUR 1 million in Soletair Power Oy, a Finnish CO2 direct air capture technology company. This follows Wartsila’s original EUR 500,000 investment in Soletair Power made in 2019. Soletair Power has developed a breakthrough solution for capturing the carbon dioxide from air in buildings that can be used when creating synthetic renewable fuel. This latest investment enables Soletair Power to further its global sales efforts and to scale up the manufacturing of its CO2 capture solution for building ventilation. The investment enhances Wärtsilä’s position at the forefront of decarbonisation technology, and the capture and utilisation development of CO2. In addition to producing synthetic renewable fuels, the carbon captured from air can be used for various purposes and industry applications, such as in the food industry.
The direct air capture of CO2 is an essential element of the world’s efforts towards decarbonisation. Soletair Power’s technology is the first in the world with building integration, which opens a unique business case with several value streams. Capturing CO2 from in-house air allows occupants to perform better, which is applicable especially in schools and workplaces. The solution also turns buildings into carbon sinks that support cities going carbon neutral. Soletair Power’s technology represents the new era of circular economy in the form of carbon utilisation.