[PRESS RELEASE]: Axon invests in the British company SEaB Power, a technology leader in waste-to-energy mini-plants

The British company, based in London and New York, focused on sustainability and energy transition, is preparing its international expansion with a particular focus on Latin America, where the solutions it offers are optimal

SEaB Power, a company that developed and patented a small-scale modular solution to recover organic waste on-site by converting it into energy and fertiliser, has just announced a capital increase that will allow the firm to expand internationally to continue developing new functionalities that increase treatment and energy generation.

The capital increase will be carried out as part of the Colombian multi-utility’s Ventures EPM programme, part of Axon’s energy transition strategy and part of its Corporate Venture Capital unit. This business unit was created in 2020 to access the best entrepreneurs and high-impact sustainable technologies in energy efficiency in the global market.

Waste generation: a global problem that offers excellent opportunities for a solution

Currently, the world’s total waste generation is around 2.2 billion tonnes per year, and by 2050, human-generated waste is expected to grow by 70% compared to current levels.

According to data from the European Environment Agency, the European Union has limited the proportion of municipal waste disposed of in landfills to 10% by 2035 (currently more than 50%) to reduce the impact of waste and thus support the transition to a circular economy.

In the face of this global issue and the government initiatives implemented, SEaB Power’s technology drastically reduces the pressure on organic waste landfills by handling such waste on-site, capturing the biogas generated in the decomposition process, reducing CO2 emissions and generating savings through the production of thermal and/or electrical energy during the process.

International expansion

SEaB Power proposes a solution for waste generators to treat and valorise their waste at the point of generation, promoting the circular economy while generating revenue from waste treatment. Its solution is designed modularly, making it easy to move and install local management feasible on a small scale, from a restaurant to a food factory.

SEaB’s solution is disruptive because it allows modular adaptation of its small biomass plants to any waste-generating customer, thus providing a solution to millions of cases where large-scale solutions are unavailable. That is why it is an optimal solution in delocalised industries or small and medium-sized towns.

Under this proposal, this capital increase’s main objective is to accelerate its solution’s penetration (FLEXIBUSTER™) in Europe, Latin America and the United States.

Thanks to the combined experience offered by Axon and the knowledge of the Latin American market led by Ventures EPM, we are confident of the exponential growth we will have in the Americas in the medium term.

We are delighted to invest in this company led by Sandra, an entrepreneur with a proven track record in leading world-class innovative companies. To SEaB, we hope to bring the best of both worlds, on the one hand, all the knowledge and experience that Axon can offer as a manager and, on the other hand, all the technical knowledge and commercial exposure offered through the Ventures EPM programme. With this combination, we expect SeaB Power to continue to make an impact internationally by offering small-scale waste-to-energy solutions

Miguel Vallone, head of direct investment at Axon Tweet

About Axon:

Axon is a global alternative investment and strategic advisory firm with a unique positioning and high specialisation in technology. It combines international experience in top-tier VCs with global advisory and consulting, establishing itself as a leading firm in identifying high-impact investments that promote energy transition and sustainability in the utilitytech sector and energy efficiency-related technologies. Axon is listed on the Madrid Stock Exchange (BME Growth) with a trading price of €19.10.

About EPM:

EPM is a multinational household utilities company with more than 14,000 employees and 12 million customers in 6 countries (Colombia, Panama, El Salvador, Guatemala, Mexico, and Chile). It focuses on the businesses of generation, transmission, distribution and commercialisation of energy, commercialisation of natural gas, management of drinking and wastewater and waste management. It is projected as a multi-Latin business group of 48 companies, being a benchmark in operational excellence, reputation and transparency. Ventures EPM is the Corporate Venture Capital programme investing in innovative entrepreneurs associated with the EPM Group’s businesses since 2013.

About SEaB Power:

SEaB has developed and patented the FLEXIBUSTER™, a small-scale on-site modular solution that valorises organic waste through anaerobic digestion, producing biogas and fertiliser that can be used as energy and fertiliser, respectively. To date, SEaB Power has a family of 12 patents and has installed FLEXIBUSTER™ units in the UK, France, Portugal, Italy and the US.

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