Wartsila Injects More Funds into CO2 Capture Firm

Finnish technology firm Wartsila has invested a further €1mn ($1.2mn) in Finnish CO₂ direct air capture firm Soletair Power Oy, it said on March 2, following up on its €500,000 investment in 2019.

"This latest investment enables Soletair Power to further its global sales efforts and to scale up the manufacturing of its CO₂ capture solution for building ventilation," Wartsila said. "The investment enhances Wartsila’s position at the forefront of decarbonisation technology, and the capture and utilisation development of CO₂."

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Soletair has developed a solution for capturing CO₂ from buildings, which can be used in creating synthetic renewable fuel, and for various other purposes. The technology is the first in the world with building integration, Wartsila said.

"Capturing CO₂ from in-house air allows occupants to perform better, which is applicable especially in schools and workplace," the company continued. "The solution also turns buildings into carbon sinks that support cities going carbon neutral. Soletair Power’s technology represents the new era of circular economy in the form of carbon utilisation."