LAVA
LAVA was founded in 2020 with a vision of generating zero-emission electricity efficiently and cost-effectively from any source of waste heat. The company has resolved a fundamental thermodynamic challenge and created a compact, cost-effective isothermal waste heat engine.
Investment rationale
The engine’s technology is unique, with no close parallel in other heat-to-electricity technologies. The addressable gas turbine and gas engine markets are estimated to be worth more than 10 USDbn. The technology has a large impact potential within the green transition, as it produces emission-free electricity from waste heat more efficiently and at a lower cost than existing solutions.
Year of investment
2023
