# Storegga Geotechnologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/storegga-geotechnologies

- Industry: Environmental Services
- Headquarters: UK
- Website: www.storegga.earth
- Total disclosed funding: $95M
- Latest round: Series C (Mar 30, 2022)
- Investors on record: 4

## About

Storegga Geotechnologies Limited, based in the UK, focuses on developing low-carbon technologies, specializing in carbon capture and storage (CCS) and hydrogen production solutions to combat climate change.Founded in 2019, Storegga Geotechnologies Limited is dedicated to direct carbon dioxide capture and storage technologies. The company's headquarters is located in London, UK. Under the leadership of CEO Nick Cooper, Storegga has successfully completed three funding rounds. The most recent funding round was a Series C, where Storegga raised GBP 51.30 million on 30 March 2022, with a total amount raised of GBP 51.30 million and a current valuation of GBP 198 million.Storegga specializes in low-carbon solutions, focusing on carbon capture and storage (CCS) technologies and hydrogen production. Its offerings include advanced carbon capture systems aimed at reducing emissions from industrial processes and safely storing CO2 in geological formations. Storegga also produces green hydrogen for various applications, supporting diverse clients including government bodies and energy firms primarily in the UK, with plans to expand into North America.In the most recent year, 2023, Storegga reported a revenue of GBP 7,362.9 mn, with an EBITDA of GBP -39,913,416.5. Revenue is generated through project-based contracts and partnerships, typically involving structured payments linked to project milestones and performance metrics.Storegga plans to launch new carbon capture and hydrogen production technologies, enhancing its offerings in the low-carbon sector. The company aims to expand its market presence into North America by 2024. The GBP 51.30 million raised in the Series C funding will support these initiatives, providing resources for research and development as well as market entry strategies. This funding positions Storegga to advance its technologies and scalability in the expanding global low-carbon market.

## Funding rounds

- Series C, Mar 30, 2022, $67M — Mitsui Global Investment, Macquarie Group
- Series B, Mar 10, 2021, $27M — GIC, Mitsui Global Investment, Macquarie Capital

## Investors

- GIC — Series B
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series B, Series C
- Macquarie Capital — Series B
- Macquarie Group (https://capitalatlas.ai/funds/macquarie-group) — Series C