Solidia Technologies develops low-carbon cement and concrete technologies that reduce CO2 emissions in cement production and consume captured CO2 during concrete manufacturing. The company’s products aim to lower the carbon footprint of the cement and concrete industry, which accounts for roughly 8% of global emissions. The new capital will support continued development and deployment of these technologies to accelerate decarbonization of critical building materials industries. Solidia is based in Piscataway, N.J. The $78 million fundraise attracted a range of investors committed to advancing low-carbon industrial solutions. Bryan Kalbfleisch was named CEO and brings over two decades of manufacturing and building-materials leadership experience, including roles at Summit Materials and Oldcastle. Solidia Technologies develops Solidia Cement and Solidia Concrete, which are cured with CO2 instead of water. Its process can reduce carbon emissions by up to 70% and recycle 60–80% of the water used in production. The technology targets the US$1 trillion concrete and US$300 billion cement markets and aims to deliver manufacturer cost savings through faster curing, lower energy and raw material consumption, reduced waste, and lower labor requirements. OGCI Climate Investments has made an investment to support commercialization and global adoption of Solidia’s carbon-recycling technology. Solidia’s investor base includes Kleiner Perkins Caufield & Byers, Bright Capital, BASF, BP, LafargeHolcim, Total Energy Ventures and Bill Joy. The company is based in Piscataway, N.J., and is pursuing wider commercialization through investor and industry partnerships. Solidia Technologies commercializes patented cement and concrete processes that cure concrete with CO2 instead of water, producing higher-performing products that cure in less than 24 hours. Its Solidia Cement and CO2-curing process can reduce carbon emissions by up to 70% and recycle 60–100% of the water used in production. The technology uses the same raw materials and existing equipment as traditional concrete while offering faster curing times, lower energy and raw material consumption, reduced waste, and lower labor requirements. Solidia targets the global concrete and cement markets (estimated at US$1 trillion and US$300 billion respectively) and positions its processes as cost-saving for manufacturers. The company is pursuing commercialization through industry partnerships and collaborative research with organizations including Lafarge, The Linde Group, Rutgers University, Purdue, Ohio University and the University of South Florida. Solidia has received support from U.S. agencies (FHWA and DOE/NETL) and has been recognized by multiple awards and industry lists. Solidia Technologies has developed a proprietary process that uses CO2 as a reactant to create both a binder and concrete products for building and construction. Its binder requires significantly less energy to produce than Portland cement, and its concrete gains strength from CO2 rather than water. The company says these materials deliver excellent physical properties, lower life‑cycle cost, and a smaller environmental footprint than traditional concrete. Solidia was founded in 2008 and is led by CEO Thomas Schuler; it is based in Piscataway, NJ. At the time of the article the company had 28 employees and was actively hiring. The company’s technology underpins a range of potential applications across the building and construction industries.

Total raised

$105M

Funding rounds

4

Latest round

Equity

Latest activity

Apr 2021