Inventys Selected for Unreasonable Impact Americas Program for Cutting Edge Approach to Tackling Global Issues While Creating Jobs

October 28, 2018 – NEW YORK – After a rigorous selection process involving hundreds of world-class companies from across the Americas, Inventys has been chosen to join twelve other growth-stage ventures in the 2018 Unreasonable Impact Americas program.

Today through November 8, 2018, these entrepreneurs on a mission to generate thousands of future jobs in the emerging green economy will learn how to scale their companies faster at the third annual Unreasonable Impact Americas program. Unreasonable Impact is an innovative multi-year partnership between Barclays and Unreasonable Group to launch the world’s first international network of programs focused on scaling up entrepreneurial solutions that will help employ thousands worldwide while solving some of our most pressing societal challenges.

Inventys is a progressive carbontech company with an aspiration to be a global leader in building a physical CO2 marketplace.  Action should be taken now to capture CO2 from large manmade industrial and gas power plants.  We see carbon management as an opportunity to put CO2 to work.  For any climate mitigation portfolio and carbon management plan to be meaningful, it will require CO2 to be utilized and stored at the gigatonne scale.

During the two-week intensive program, Inventys will receive mentorship and advice from business experts and serial entrepreneurs, including Tom Chi, former head of experience at Google X; Betty Hudson, President at Hudson & Associates and former Chief Communications Officer at National Geographic; and Ted Roosevelt, Chair of Barclays Cleantech Initiative, among other senior leaders from across Barclays.

The program will take place in Connecticut and include two exhibition events, one of which will be in New York City, where Inventys will showcase their innovation.

“Gigatonne-scale carbon management will require massive investments and therefore presents significant supply chain and financing opportunities and challenges,” said Inventys President & CEO Claude Letourneau.  “I’m very excited to be part of this program and to be challenged by such an impressive network of business experts.”

“Through the Unreasonable Impact program, Barclays hopes to create jobs that benefit society and accelerate economic growth,” said Joe McGrath, Global Head of Banking at Barclays. “This is Barclays’ third year sponsoring the Unreasonable Impact program, and we look forward to supporting these entrepreneurs with our resources and mentorship to help them scale their business.”

Daniel Epstein, Founder and CEO of Unreasonable Group, said, “Since launching Unreasonable Impact, we have supported some of the world’s most exciting and impactful ventures to grow faster and create nearly 7,000 new jobs. We’re incredibly excited to bring this new group of ground-breaking ventures into the global portfolio and support them on their journey of delivering high-impact, rapidly scaling solutions to problems the world previously thought were impossible to solve.”

After two full years of programs, Unreasonable Impact’s community of over 70 ventures currently impacts over 105 million people, operates in over 180 countries, supports nearly 20,000 jobs and has raised a combined $1.3bn in total financing to date. As the third year commences, Inventys will join this notable global network in its shared effort to create thousands of jobs on the frontier of the green economy.

For more information, visit unreasonableimpact.com.

The participating US companies include:

  • Astraea: Building the world’s most advanced machine learning platform for Earth-observing satellite data and geospatial information.
  • Cambrian Innovation: Providing distributed installations to extract resources like clean energy and clean water from wastewater.
  • ECOR: Providing material solutions for products to be designed from 100% recycled waste that are also 100% recyclable.
  • Evrnu: Recycling cotton garment waste to create premium, renewable fiber for the creation of new clothing.
  • Hydrostor: Providing grid-scale electricity storage by storing renewable energy as compressed air.
  • Inventys: Building the CO2 marketplace via breakthrough carbon capture technology.
  • Kuli Kuli Foods: Improving nutrition and farmer income through delicious moringa superfood products.
  • Natel Energy: Enabling climate resilient hydropower while maintaining the health of watershed ecosystems and the communities who surround them.
  • Qnergy: Providing renewable, reliable, resilient power through Free-Piston Stirling Engine technology.
  • Stony Creek Colors: Using bio-based textile dyes to bring sustainability to farmers while empowering fashion brands with transparency.
  • Vital Vio: Reinventing disinfection to safely and continuously kill germs, mold, and fungi with the flip of a light switch through advanced LED technology.
  • Zero Mass Water: Making drinking water an unlimited resource with SOURCE, a set of panels that make water from air.
  • ZincFive: Delivering nickel-zinc based energy storage and delivery solutions for mission critical industries.

About Barclays
Barclays is a transatlantic consumer and wholesale bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 80,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.home.barclays

About Unreasonable Group
Unreasonable’s mission is to drive resources to and break down barriers for entrepreneurs solving key global challenges (i.e. ensuring renewable energy reaches the 1.3 billion people currently without electricity, reimagining the future of healthcare, or addressing the global unemployment crisis). Through running worldwide accelerator programmes, a globally oriented private equity fund, an extensive network of over 300 serial business leaders as mentors, and advanced storytelling and media activities, Unreasonable is designed to exclusively support entrepreneurs positioned to solve society’s toughest problems. For more information about Unreasonable, please visit www.unreasonablegroup.com.

About Unreasonable Impact, created with Barclays
Unreasonable Impact is an innovative multi-year partnership between Barclays and Unreasonable Group to launch the world’s first international network of accelerators focused on scaling up entrepreneurial solutions that will help employ thousands worldwide in the emerging green economy. Since 2016, Unreasonable Impact has hosted programs each year in three distinct markets: the Americas, UK and Europe, and Asia Pacific. To date, the 70-plus ventures that comprise the global cohort operate in over 180 countries, have raised over $1.3bn in funding, have generated over $1.1bn in revenue, and support almost 20,000 jobs.

About Inventys
Inventys Thermal Technologies Inc., headquartered in Vancouver, BC, Canada, is a leading carbontech company with a vision to be a global leader in building a CO₂ marketplace and enable the mass market for bulk distributed CO₂ supply by being a focused low-cost supplier. Inventys is working to create new market spaces by leveraging its breakthrough carbon capture technology. For more information, please visit www.inventysinc.com.

 

For more information, please contact:
Alison Cartier
Manager, Marketing & Communications
Inventys Inc.
M: +1.778.990.8734
Email: [email protected]

 

To download or read a pdf copy of the release, click: NR_2018-10-29_Inventys_Unreasonable-Impact-Americas-2018-Entrepreneur

Inventys Announces US$11M Series C Fundraising Round with OGCI Climate Investments as Lead Investor

Advanced carbon capture technology company, Inventys, has secured US$11M with lead investment from OGCI Climate Investments, alongside existing investors The Roda Group and Chevron Technology Ventures, as part of a planned US$21M Series C Financing Round

VANCOUVER, BC, Canada — Monday, July 16, 2018 — Inventys today announced that it has closed an initial tranche of its Series C equity financing led by OGCI Climate Investments, and including existing investors The Roda Group and Chevron Technology Ventures. A total amount raised so far of US$11M towards the Series C financing will fund the 30-tonne per day (TPD) CO₂ capture pilot plant demonstration program with Husky Energy scheduled to be in operation in Q1-2019, as well as support Inventys’ aggressive time-to-market strategy for 2020.

Dr. Pratima Rangarajan, CEO of OGCI Climate Investments, said, “As we address climate change, we must develop economic ways to capture, utilize, and store CO2. Inventys’ technology can cause a step change in the economics of CO2 capture.”

“At Inventys, we see it as an opportunity to put CO₂ to work. Some say it’s too costly and difficult to capture and use or store CO₂ using a distributed supply model. We believe Inventys’ technology will prove them wrong,” said Inventys President & CEO Claude Letourneau.

“We’ve built a world-class team of scientists, engineers, technicians, specialists, strategists, project developers and entrepreneurs dedicated to creating a global CO₂ marketplace using our breakthrough next-generation carbon capture technology.’’

A key building block for unlocking the growth of the CO₂ marketplace is shifting the carbon capture cost curve down by at least a factor of two from conventional technology (chemical solvents). Inventys found a way to do this with advanced solid adsorbent nanomaterials, combined with a novel modular compact contactor, to capture CO₂ from very dilute post-combustion flue gases (from industrial processes and gas-fired power plants).

Dr. Steven Chu, former US Secretary of Energy and a member of Inventys’ board of directors, said “Carbon capture, utilization, and sequestration from point sources such as power, cement, and steel plants is essential to minimize the risks of climate change. After completing an extensive due diligence process, OGCI Climate Investments recognized that Inventys has a leadership position in dramatically lowering the cost of carbon capture needed to develop this multibillion-dollar market opportunity.”

Due to the interest expressed by a number of strategic investors, the company is able to issue a number of additional Series C shares, for additional proceeds of up to US$10M (completing the US$21M Series C round), within a limited time window following this initial close.


About Inventys

Inventys Thermal Technologies Inc., headquartered in Vancouver, BC, Canada, is a leading carbontech company with a vision to be a global leader in building a CO₂ marketplace and enable the mass market for bulk distributed CO₂ supply by being a focused low-cost supplier. Inventys is working to create new market spaces by leveraging its breakthrough carbon capture technology. For more information, please visit www.inventysinc.com.

 

About OGCI Climate Investments

OGCI Climate Investments LLP is a billion-dollar investment fund focused on initiating practical actions to deliver solutions for a sustainable, low-emissions future. The fund invests in technologies that have the potential to significantly reduce greenhouse gas emissions, are economically viable, ready to be commercialized, and deployed at scale. It was launched in November 2016 by the Oil and Gas Climate Initiative, a voluntary initiative led by CEOs of 10 global oil and gas companies. For more information, please visit www.oilandgasclimateinitiative.com.

 

 

For more information, please contact:
Alison Cartier
Manager, Marketing & Communications
Inventys Inc.
M:  +1.778.990.873
Email: alison.cartier(at)inventysinc.com

 

For printing or downloading a PDF copy of the release: OGCI-Investment-SeriesC

Additional $2.6M Received from NRCan to Accelerate Deployment of Next-Gen CO₂ Capture Pilot Plant

Raising total Government funding for the once-through steam generator (OTSG) CO₂-capture pilot demonstration program to $12.3M, including support from SDTC, ERA, WINN, and IRAP VANCOUVER, British Columbia — Friday, December 15, 2017 — Inventys, the developer of the VeloxoTherm™ Process, a carbon dioxide (CO₂) capture system, is receiving $2.6M from Natural Resources Canada (NRCan) through its Energy Innovation […]

Inventys Closes CAD$10M Equity Investment with Husky Energy as Lead Investor

Financing supports the deployment of a next-gen carbon capture pilot plant at Husky’s Pikes Peak South Lloyd thermal project

VANCOUVER, British Columbia — Tuesday, July 11, 2017 — Inventys, the developer of the VeloxoTherm™ System, a carbon dioxide (CO2) capture process, today announced that it has closed an equity financing with Husky Energy as lead investor. The Company raised total cash proceeds of CAD$10 million in this first tranche of its current Round B-11 financing process, including investments from existing investors, The Roda Group and Chrysalix Energy Venture Capital.

Proceeds from the transaction will fund a 30-tonne per day (TPD) CO2-capture pilot plant aimed at producing a low-cost CO2-supply solution for Husky’s heavy oil enhanced oil recovery (EOR) program near Lloydminster, Saskatchewan.

“We’re very pleased to work with Husky and welcome its investment and industry knowledge,” said Inventys President and Chief Executive Officer Claude Letourneau. “This is the world’s first pilot-scale plant using structured adsorbents to capture COfrom a once-through steam generator (OTSG) for use in heavy oil recovery.”

Letourneau added, “Canada offers the perfect setting to prove our second generation carbon capture technology, reduce carbon emissions, uphold Canada’s climate goals, create jobs, and support industrial growth.”

The VeloxoTherm™ System is a next-generation CO2-capture technology that has the potential to deliver breakthrough capture costs. By combining a uniquely patented solid adsorbent structure with a rapid cycling temperature swing adsorption process, Inventys has successfully demonstrated economical CO2 capture capabilities with its compact adsorption machine.

Earlier this year, Inventys commissioned a self-contained 0.5 TPD VeloxoTherm field demonstration plant at the same Husky site as a platform for rapid development of its new adsorbent structures. The demo plant has recorded meaningful data since testing began in early 2017. The test results over the next six months will shape the design of the 30-TPD plant. The pilot plant is planned to be commissioned in the fall of 2018.

Husky has been growing its heavy oil bitumen production in the Lloydminster region of Saskatchewan and Alberta through the use of thermal technologies, where steam is injected into oil reservoirs to increase recovery. Through Inventys’ technology, Husky is looking to capture the CO2 generated from its thermal operations and use it to increase oil recovery from adjacent assets.

Inventys’ structured adsorbent is a platform technology which is used in gas separation processes, including the VeloxoTherm™ process.   The company’s patented structured adsorbent technology is used to capture high purity CO2 from dilute flue gas from coal and gas-fired power plants and industrial processes using novel proprietary solid structured adsorbent materials. This technology supports an aggressive time-to-market strategy needed to keep global warming under 2°C.

 

ABOUT INVENTYS

Inventys is a clean energy technology company with a credible solution for capturing point-source CO2 emissions and accelerating the global transition to a lower-carbon economy. The VeloxoTherm™ process combines Inventys’ patented Adsorbent Structure and rapid cycle thermal swing process to achieve unmatched economics. Unlike conventional methods, this three-step process maximizes carbon capture productivity, cuts capital costs, and reduces regeneration energy. For more information about Inventys and the VeloxoTherm™ process, please visit www.inventysinc.com. You can also connect with us on Facebook or Twitter @inventysinc.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys, Inc.
M:  +1.778.990.8734
Email: [email protected]
For printing or downloading a pdf copy of the release: 2017-07-11_Husky-Investment