Series A26 October 2022

MOF Technologies secures £4.4m in Series A funding to scale carbon capture technology

Clean Growth Fund and Barclays led the Series A investment to support the commercialisation of industrial carbon capture solutions.

£4.4MSeries A

Share allotment filed at Companies House

MOF Technologies is a Northern Ireland based climate technology company that uses metal organic frameworks to capture carbon emissions from heavy industry.

MOF Technologies has secured £4.4m in a Series A funding round backed by Clean Growth Fund and Barclays. The capital will enable the company to scale its operations and further develop its carbon capture technology for heavy industries such as steel and cement works. The investment marks Clean Growth Fund's first deployment in the Northern Ireland clean technology sector.

From the founder

"I’m delighted that Clean Growth Fund and Barclays have chosen to invest in our company. The willingness of these two leading funders in cleantech reinforces our own confidence in our work and gives us scope to expand our operations in Belfast and secure new business opportunities. With our cost-competitive end of pipe system, we can make commercial carbon capture a reality and a key part of the climate solution."

Conor Hamill

co-Chief Executive Officer at MOF Technologies

Investor perspective

"Given the challenges facing industries like cement and steel to cut their CO₂ emissions and their energy use, we are excited about the massive potential for MOF Tech across the world. With our investment, alongside the commercialisation support that we offer to all of the companies in our investment portfolio, I’m confident that MOF Tech can quickly become a sought-after technology provider to heavy industries across the world who need to decarbonise as a matter of urgency."