Mondelez India Invests in Promethean Energy to Enhance Sustainability through Climate-Tech Solutions
Mondelez India has invested in Promethean Energy, a climate-tech firm focused on decarbonizing industrial heat. This investment highlights Mondelez's commitment to innovative solutions that mitigate industrial emissions. Promethean Energy’s IoT-enabled technology captures and reuses waste heat, having abated over 100,000 tons of CO₂ emissions to date. The funding comes from Mondelez's Sustainable Futures platform, aiming to integrate sustainability into its global value chain.
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Mondelez India has announced an investment in Promethean Energy, a climate-tech company specializing in decarbonizing industrial heat. This partnership underscores Mondelez India's commitment to innovative solutions for reducing industrial emissions.
Promethean Energy utilizes proprietary IoT technology to capture and reuse waste heat, achieving over 100,000 tons of CO₂ emissions abatement. The investment is made through Sustainable Futures, Mondelez International's platform for early-stage social and environmental ventures, reflecting its goal to embed sustainability across its operations. Promethean Energy develops industrial-grade heat pump systems to replace fossil fuel heating in large facilities.
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