Nuventura aims to help reduce the use of the highly potent greenhouse gas, SF6, 
amid global growth and the continued acceleration of climate action.


Nuventura, the Berlin-based developer of switchgear technologies that help 
eliminate Sulphur Hexafluoride (SF6) – the world's strongest greenhouse gas – 
is pleased to reveal that ADB Ventures(https://ventures.adb.org/) (the Asian 
Development Bank's venture arm) participated in a second closing of nuventura's 
seed investment round in 2021. ADB Ventures joined existing investors, 
including Cycle Group, Future Energy Ventures, Doen Participaties, IBB 
Ventures, and several well-known investors. Collaborating with ADB will help 
nuventura make important steps toward the product's industrialization and 
expansion into Asian markets.

Nuventura develops medium voltage (MV) gas-insulated switchgear (GIS), 
replacing SF6 with dry air. Through this patented technology, the company's 
goal is to help tackle annual SF6 emissions, equivalent to the yearly CO2 
emissions produced by approximately 100 million 
cars(https://energypost.eu/grid-switchgear-uses-sf6-the-worlds-most-potent-green
house-gas-how-do-we-regulate-it/).

Instead of acting as manufacturers, nuventura makes it possible for established 
switchgear manufacturers to expand their own product portfolios with SF6-free 
GIS technologies. The company does this by either selling key components to 
manufacturers which then get incorporated into own their switchgear designs, or 
licensing the full technology. This highly scalable business model ensures that 
nuventura's customers gain access to state-of-the-art GIS technologies while 
avoiding the prohibitively high R&D costs associated with developing their own 
new GIS technologies.

Commenting on the investment from ADB Ventures, Manjunath Ramesh, nuventura's 
CTO and Co-Founder, said: "we are delighted to welcome ADB as one of our 
investors and strong supporters. We believe that ADB will be a vitally 
important partner as we actively expand our focus to Asian markets. Asia is a 
very attractive market environment, offers large opportunities for growth, and 
has shown a growing appetite for sustainable solutions. Nuventura, with ADB's 
support, will be at the forefront of making the Asian energy transition 
SF6-free."      

"Nuventura has developed a game-changing solution with clear benefits to both 
grid operators and climate. We believe that the company's proprietary tech and 
unique licensing model will put it in a very competitive position in a growing 
$26bn market while leading the transition towards a more environmentally 
sustainable electrical grid infrastructure," said Qiyong Cao, Senior Investment 
Specialist at ADB Ventures.

Media Contact
Nicholas Ottersbach, nicholas.ottersbach@nuventura.com

SOURCE:  Nuventura