Venture capital firm Aster Capital, which is sponsored by Schneider, Alstom and Solvay, has invested $5.2m in clean-energy company SolarFuel.
France-based clean technology-focused venture capital firm Aster Capital, which is backed by three corporations, has invested €4m ($5.2m), as part of a €7.5m round, in Austria-based SolarFuel.
Local car parts maker Ventrex Automotive joined Aster in SolarFuel’s round as the portfolio company is developing technology to enable the conversion of renewable electricity into synthetic gas.
Alexander Schlaepfer, partner at Aster Capital, said: “We have been looking for some time at what technologies are required to optimize large amounts of electricity…
