Ludgate Environmental Fund has made three investments in the biomass and waste-to-energy space.
The firm has committed £5.3m (€6.5m) of growth capital into Micropelt alongside Mitsubishi UJF Capital. Freiberg-based Micropelt uses waste heat to generate electricity, displacing batteries in automated equipment for a range of industrial and domestic applications.
Another £7m has been invested in Tamar Energy, a developer of anaerobic digestion plants, with a combined capacity of 100MW.
The third investment is a £3.1m round in Ignis Biomass, which will be used to construct a biomass energy plant in Wick, Scotland.