The corporate venturing unit of Ireland-based utility ESB, has led the latest £5m ($7.8m) funding round raised by Heliex Power, which generates electrical power using waste steam from industrial processes.

ESB NovusModus was joined in the round by UK-based oil major BP’s corporate venturing unit, BP Ventures.

Bertrand Gautier, a partner of Novusmodus, said: “Heliex has developed a unique value proposition with the opportunity to shape a new sector in energy recovery. The technological expertise of the management, its product…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?