Press Releases
Scientifica Venture Capital invests in Green Independence
Scientifica Venture Capital has made the decision to support Green Independence through a bridge round of funding. The objective is to enable the start-up to expand its intellectual property (IP) portfolio in preparation for the upcoming Seed Round.
Green Independence, a revolutionary climate tech start-up, has now become part of Scientifica’s innovation hub, which is ready to support its ambitious growth in the Green Energy sector.
The New Artificial Leaf (NAL) represents an advancement in solar panel technology, inspired by nature. It has the capability to purify and recycle wastewater using the energy dissipated by the panel. Simultaneously, it can harness solar energy to produce hydrogen directly on the panel/leaf. Alternatively, the technology can recycle direct CO2 emissions by generating Syngas. In this way, it aims to transform the Green Hydrogen market, making it cost-effective and accessible for the energy-industrial sector and heavy transport.
“We extend our gratitude to Scientifica Venture Capital for the trust they have placed in us and our project. This is just the beginning. Green Independence has two main objectives: to accelerate the energy transition and democratize access to renewables by addressing the intermittency issue through decentralized and independent production of green hydrogen. Making renewable resources accessible and affordable will help reverse the impact of climate change and combat pollution. With the investment from Scientifica VC, we will extend our initial patent internationally to protect ourselves from competition, while also finalizing the drafting of an additional patent that adds a strategic aspect to the NAL technology: integrated wastewater purification. This aspect alone will enable NAL to offer a secondary product – purified water – which has the potential to lower the cost of green hydrogen production below the threshold of €1/kg. Once this step is completed, we will be ready for the seed round, which will finance the necessary technological development for our market entry,” stated the team at Green Independence.”
At Green Independence, we envision a world where energy production is not limited to industrial perimeters but is present everywhere. With the flexibility and modularity of our New Artificial Leaf, it will be possible to produce and transport green hydrogen along highways, railways, parking lots, stations, airports, ports, and even offshore a few kilometers from the coast. We can even install it on the roofs of homes to create true energy communities. We believe that there is no need to demolish and rebuild; we can save our future by converting existing energy systems and infrastructure,” said Alessandro Monticelli, Founder & CEO of Green Independence.
“We are delighted that our investment will strengthen and promote such an innovative system for green hydrogen production. When we choose to invest in a start-up, in addition to focusing on its high technological component as a guarantee of economic competitiveness, we prioritize the impact it generates in social and environmental terms. The NAL technology will establish new production paradigms in the climate tech sector, combining the profitability of the business model with true sustainability, far from the prevalent greenwashing often seen in the renewables sector today. That is why we take pride in having Green Independence on board,” expressed Riccardo D’Alessandri, Managing Partner of Scientifica Venture Capital.
