Low-carbon cement and concrete leader attracts A-list venture investors committed to addressing climate change
Submitted by Solidia Technologies
The funding round attracted a range of leading investors committed to advancing low-carbon solutions for industry. Imperative Ventures and Zero Carbon Partners led the round and were joined by new investors Canada Pension Plan Investment Board (CPP Investments), Breakthrough Energy Ventures, Prelude Ventures, and PIVA Capital. Existing investors John Doerr, BP, OGCI Climate Investments, and Bill Joy demonstrated their ongoing commitment by investing additional funds.
By reducing CO2 emissions in the production of cement and consuming carbon in the production of concrete, Solidia significantly reduces the carbon footprint of an industry responsible for 8% of global emissions. The new funding will support the continued development and deployment of these leading technologies to accelerate the decarbonization of critical building materials industries.
“Joining Solidia provides me the rare privilege of helping move cement and concrete into their next generation with higher-performing materials that are better for industry, people, and the planet,” said Bryan Kalbfleisch. “Having devoted my career to this industry, I am excited to help build a new legacy for it with the support of some of the world’s most committed leaders in advancing sustainable innovation.”
Bryan brings over two decades of experience leading manufacturing operations producing concrete, asphalt, and other building materials. He comes to Solidia from Summit Materials, a leading aggregates-based construction materials company, where he served as president of both its Texas Region and Houston-based Alleyton Resource. He also previously served as president of Fayetteville, Ark.-based APAC Central for Oldcastle (CRH), North America’s largest manufacturer of building products and materials. His career was launched in the ready-mix concrete division of Central Pre-Mix Concrete Company, a Spokane, Wash.-based firm that was sold to Oldcastle in 1997.
“Solidia creates value while lowering industrial carbon emissions and advancing solutions that use captured CO2, which is unique in the industry and aligns well with our long-term investment focus,” said Bruce Hogg, Managing Director and Head of the Sustainable Energy Group at CPP Investments. “We are pleased to have a leader of Bryan’s caliber taking Solidia to the next stage of development.”
Participants in this fundraise join Solidia’s other existing investors including Kleiner Perkins, BASF Venture Capital, LafargeHolcim, Total Carbon Neutrality Ventures, Air Liquide Venture Capital (ALIAD), and other private investors.
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Contact: Ellen Yui, YUI+Company, Inc.
About Solidia Technologies®
Based in Piscataway, N.J. (USA), Solidia Technologies® helps manufacturers produce superior building and construction materials using low-carbon cement and concrete. Recognition includes: Solar Impulse 1000 Efficient Solution; the 2021, 2020, 2019 and 2014 Global Cleantech 100; a 2020 and 2014 Best Place to Work in NJ; 2020, 2019 and 2018 BP Advancing Low Carbon accreditation; 2017 ERA Grand Challenge finalist; 2016 Sustainia 100; 2015 NJBiz Business of the Year; 2014 CCEMC Grand Challenge finalist; 2013 R&D Top 100; 2013 Katerva Award finalist; and MIT’s Climate CoLab shortlist. Follow Solidia on LinkedIn, Instagram, Twitter, and YouTube.
Solidia Technologies® is a cement and concrete technology company that makes it easy and profitable to use CO2 to create superior and sustainable building and construction materials.
Solidia’s patented processes start with an energy-saving cement that dramatically reduces CO2 emissions at the kiln. It then cures concrete with CO2 instead of water, reducing the overall carbon footprint of cement in precast concrete up to 70%.
At scale each year, Solidia precast can eliminate at least 1.5 gigatonnes of CO₂, save three trillion liters of fresh water, reduce energy consumption equal to ~260 million barrels of oil, and eliminate 100 million tonnes of concrete landfill waste.
Solidia's ready-mix applications go even further, offering the potential to transform concrete – the second most utilized material on the planet – into a carbon sink.
Produced using the same raw materials and existing equipment, Solidia products are higher performing and cost less to produce than traditional concrete, and cure in less than 24 hours. Solidia offers industry an easy-to-adopt, rapid and globally scalable response to one of the greatest threats to our planet.
Solidia Concrete for precast is currently available in the US. The ready-mix applications are currently in tests for infrastructure applications.
Based in Piscataway, N.J. (USA), Solidia’s investors include Kleiner Perkins, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures, Oil and Gas Climate Initiative (OGCI) Climate Investments, Air Liquide, Bill Joy and other private investors.
Solidia’s R&D collaborators have included LafargeHolcim, Air Liquide, DOT’s Federal Highway Administration, DOE’s National Energy Technology Laboratory, the EPA, Rutgers University, Purdue University, Ohio University, and the University of South Florida.
Honors include: the 2020, 2019 and 2014 Global Cleantech 100; a 2020 and 2014 Best Place to Work in NJ; 2020, 2019 and 2018 BP Advancing Low Carbon accreditation; the 2019 Solar Impulse 1000 Efficient Solutions; 2017 ERA Grand Challenge (formerly CCEMC) finalist; 2016 Sustainia 100; 2015 NJBiz Business of the Year; 2014 CCEMC Grand Challenge finalist; 2013 R&D Top 100; 2013 Katerva Award finalist; and MIT’s Climate CoLab shortlist.
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