The cash injection will help to scale up both LOOP, Levidian’s decarbonisation device, and graphene production capacities at its Cambridge headquarters – allowing Levidian to capitalise on the significant interest in its ground-breaking work.
Levidian’s LOOP technology decarbonises methane by cracking it into its components: carbon (in the form of graphene) and hydrogen. The hydrogen can be used immediately as a hydrogen-rich gas blend, supporting industrial decarbonisation, or separated and stored. The graphene can be added to a wide range of materials to extend their life, improve their performance, and deliver additional decarbonisation benefits. This technology will enable Baker Hughes to expand its current core offerings and provide decarbonised solutions to adjacent sectors and industries.
“This investment comes at a critical phase of Levidian’s development” said Levidian CEO John Hartley. “Baker Hughes has a long track record in energy technology and their expertise will be valuable as we scale Levidian quickly to meet the growing demand for decarbonisation, especially from the industrial sectors. Their commitment is a strong endorsement of our LOOP technology, our graphene, and our team.”
Luca Maria Rossi, VP – New Frontiers at Baker Hughes, added that graphene is a game-changing material for many applications and that Levidian’s technology stands out with its consistent high-quality product.
“The joint production of graphene and hydrogen will also enable economically effective decarbonisation of hard-to-abate sectors” said Mr Rossi.
Luca Maria Rossi will sit on the Levidian board, further deepening the relationship and establishing a route to ongoing support and collaboration.
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