Spark Cleantech Announces a €30 Million Series A Funding Round to Decarbonize Heavy Industry
The French leader in methane plasmolysis to decarbonize heavy industry enters its scale-up phase and prepares to commercialise its first production module by late 2027.
Paris, 4 December 2025 – Spark Cleantech today announces the successful completion of a €30 million Series A funding round (including €17 million in equity). The round was led by 360 Capital and Taranis, with participation from the Île-de-France Reindustrialisation Fund (initiated by the Île-de-France Region and operated by Innovacom), alongside Asterion Ventures, the company’s long-standing investor.
Spark Cleantech is developing a breakthrough process that replaces the combustion of hydrocarbons in high-temperature industrial furnaces and in materials production with an alternative that is not only fully decarbonised, but also economically competitive and requires only minimal adaptation to existing industrial processes.
This new investment will accelerate Spark Cleantech’s scale-up, enabling the company to finalise and operate its first production module, which will subsequently be deployed across client facilities. It will also support the qualification of Spark Cleantech’s first commercial carbon grades, one of the two materials generated by pulsed plasmolysis. The team will expand with 20 new roles across commercial operations, engineering, and R&D.
“Following our seed round in the summer of 2023, we succeeded in deploying a first industrial pilot in under a year. We have validated clear market traction and assembled a world-class international team. This funding will enable the scale-up that industrial players are seeking to reduce their carbon footprint cost-effectively and to accelerate commercial deployment,” comments Patrick Peters, Co-Founder of Spark Cleantech.
An exceptional team with international standing
Co-founders Erwan Pannier (PhD, CentraleSupélec) and Patrick Peters (former CEO, Suez BioEnergies) have built a multidisciplinary team of distinguished experts in their respective fields, capable of delivering both technical reassurance and industrial execution. The excellence of the team is further strengthened by the support of internationally recognised specialists, including a Nobel Prize Laureate in Physics, a former R&D Director at Aramco, and a former R&D Director at Hutchinson, among others.
“The decarbonisation of heavy industry is one of the defining challenges of the decades ahead. But we must be candid: without economic viability, it simply will not happen. In Spark Cleantech, we found a team of entrepreneurs and industrial leaders who share this pragmatic view and who are delivering a technology that responds directly to it,” adds Thomas Nivard, Partner at 360 Capital.
A world-first process reducing emissions by 85% and creating two decarbonised materials with four-fold economic value.
Spark Cleantech’s modules are installed between the client’s existing gas network and their high-temperature industrial burners. Through pulsed plasma, the technology removes carbon from the gas prior to combustion, leaving only hydrogen, a fully decarbonised energy source.
The extracted carbon is transformed into a solid nanomaterial, essential for polymers and battery manufacturing. Spark Cleantech’s carbon, produced without emissions, replaces a petroleum-derived material with a high carbon footprint.
This is made possible through a world-unique technology. Initially invented at Stanford University in California, further developed at CentraleSupélec, and industrialised by Spark Cleantech in France, pulsed plasmolysis minimises the energy required for separation while producing a high-value carbon nanomaterial.
In practical terms, pulsed plasmolysis converts a hydrocarbon, without combustion, into two decarbonised materials whose combined economic value is multiplied by four.
Spark Cleantech’s technology is currently being tested by major clients across metallurgy, glassmaking, polymer production, and battery manufacturing.
Finalisation of the standard module
Spark Cleantech’s modules will be installed directly on industrial sites consuming natural gas, enabling hydrogen to be produced exactly where it is needed, without transport or large-scale storage. The solid carbon will be collected and routed to industrial sectors that utilise this nanomaterial.
Advanced discussions are under way with several industrial groups, and initial contracts have already been signed to prepare the deployment of commercial units in 2027.
About Spark Cleantech
Founded in 2022 within the laboratories of CentraleSupélec, Spark Cleantech is a pioneering deeptech company enabling the decarbonisation of heavy industries (glassmaking, metallurgy, polymers, batteries) through a clean alternative to fossil-fuel combustion.
Spark Cleantech has developed a patented, world-first technology based on pulsed plasmolysis, reducing emissions by 85% while generating two decarbonised materials (solid carbon and hydrogen) with a four-fold increase in economic value.
Founded by Erwan Pannier and Patrick Peters, the company brings together a world-class team and has raised €34 million since inception. The startup, based in the heart of the Paris-Saclay innovation cluster, has been supported in its development by the 21st by CentraleSupélec accelerator.
More information: https://www.spark-cleantech.eu/
About 360 Capital
360 Capital is a leading European venture capital firm specializing in early-stage investments across Deep Tech, Climate Tech, and Digital-First solutions. Since 1997, it has partnered with visionary entrepreneurs and backed over 160 startups. With €600 million in assets under management, a portfolio of more than 60 active companies, and offices in Paris and Milan, 360 Capital is a prominent force in Europe’s venture ecosystem.
Official website: https://www.360cap.vc/
About Taranis
Taranis is the investment and impact project development entity of an industrial group (including Perenco and Dixstone). Its mission is to research, finance and operate innovative initiatives in the fields of sustainable energy, carbon management and nature-based solutions. Drawing on the Group’s industrial expertise, Taranis aims to reconcile economic performance and environmental responsibility, while generating a tangible social impact.
The investment in Spark was made through Taranis Carbon Ventures, Taranis’ fund investing in breakthrough technologies that accelerate the transition to a sustainable low-carbon future.
To learn more, visit taranis.eu
About the Île-de-France Reindustrialisation Fund (operated by Innovacom – Turenne Group)
The Île-de-France Reindustrialisation Fund is an initiative by the Île-de-France Region, supported by the European Regional Development Fund (ERDF) and managed by Innovacom – Turenne Group, a specialist in industrial-focused startups. The Region’s “Impact 2028” strategy places reindustrialisation at the heart of its economic agenda and deploys major initiatives to foster the creation of new industrial sites.
https://reindustrialisation.iledefrance.fr/
About Innovacom – Turenne Group
Innovacom is a specialist in deeptech and industrial innovation, supporting the launch and growth of technology startups advancing environmental, digital, and industrial transitions across diverse sectors including energy, telecommunications, mobility, smart cities, aerospace, and new space. Integrated into the Turenne Group since 2018, Innovacom operates from Paris, Lyon, and Marseille.
www.innovacom.com
About Asterion Ventures
Based in Paris and Amsterdam, Asterion Ventures is a pre-seed/seed impact-focused VC reshaping how venture capital operates. In just four years, it has mobilized nearly €60M into 30 early-stage startups — four already scaling into Series A/B with top European funds, and one successful exit. Its edge: scale powered by community – a network of 800+ entrepreneurs and executives investing as business angels and backing founders with real experience, networks, and time. Beyond financing, Asterion has built dedicated programs for exited founders and entrepreneurial families. One of the very few European VCs intentionally designed for long-term partnership, Asterion stands for patient, committed, durable support. https://www.asterionventures.com
