Le Lézard
Classified in: Environment
Subjects: Photo/Multimedia, Product/Service, Personnel, Corporate Social Responsibility

Solidia Technologies Closes $78 Million Fundraise and Names Bryan Kalbfleisch CEO


Solidia Technologies® today announced a $78 million fundraise and named concrete industry leader Bryan Kalbfleisch as CEO.

The funding round attracted a range of leading investors committed to advancing low-carbon solutions for industry. Imperative Ventures and Zero Carbon Partners led the round and were joined by new investors Canada Pension Plan Investment Board (CPP Investments), Breakthrough Energy Ventures, Prelude Ventures, and PIVA Capital. Existing investors John Doerr, BP, OGCI Climate Investments, and Bill Joy demonstrated their ongoing commitment by investing additional funds.

By reducing CO2 emissions in the production of cement and consuming carbon in the production of concrete, Solidia significantly reduces the carbon footprint of an industry responsible for 8% of global emissions. The new funding will support the continued development and deployment of these leading technologies to accelerate the decarbonization of critical building materials industries.

"Joining Solidia provides me the rare privilege of helping move cement and concrete into their next generation with higher-performing materials that are better for industry, people, and the planet," said Bryan Kalbfleisch. "Having devoted my career to this industry, I am excited to help build a new legacy for it with the support of some of the world's most committed leaders in advancing sustainable innovation."

Bryan brings over two decades of experience leading manufacturing operations producing concrete, asphalt, and other building materials. He comes to Solidia from Summit Materials, a leading aggregates-based construction materials company, where he served as president of both its Texas Region and Houston-based Alleyton Resource. He also previously served as president of Fayetteville, Ark.-based APAC Central for Oldcastle (CRH), North America's largest manufacturer of building products and materials. His career was launched in the ready-mix concrete division of Central Pre-Mix Concrete Company, a Spokane, Wash.-based firm that was sold to Oldcastle in 1997.

"Solidia creates value while lowering industrial carbon emissions and advancing solutions that use captured CO2, which is unique in the industry and aligns well with our long-term investment focus," said Bruce Hogg, Managing Director and Head of the Sustainable Energy Group at CPP Investments. "We are pleased to have a leader of Bryan's caliber taking Solidia to the next stage of development."

Participants in this fundraise join Solidia's other existing investors including Kleiner Perkins, BASF Venture Capital, LafargeHolcim, Total Carbon Neutrality Ventures, Air Liquide Venture Capital (ALIAD), and other private investors.

About Solidia Technologies®

Based in Piscataway, N.J. (USA), Solidia Technologies® helps manufacturers produce superior building and construction materials using low-carbon cement and concrete.


These press releases may also interest you

at 15:00
Drax Group, a pioneer in carbon removal and renewable energy, has formed a groundbreaking partnership with environmental leader Karbon-X , marking a significant advancement in the deployment of Bioenergy with Carbon Capture and Storage (BECCS)...

at 14:50
The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., announced today that it has donated $250,000 to the American Red Cross as a new...

at 14:30
Southwest Airlines Co.  announces the acquisition of SAFFiRE Renewables, LLC (SAFFiRE) as part of the investment portfolio of its wholly owned subsidiary Southwest Airlines Renewable Ventures, LLC (SARV). SARV is dedicated to creating more...

at 13:15
The American Society of Interior Designers (ASID), in collaboration with the Chemical Insights Research Institute (CIRI) of UL Research Institutes, unveiled new research today on the effects of extreme weather and climate events on the built...

at 12:50
Global sales of electric vehicles (EVs) increased from 716,000 vehicles in 2015 to 10.6 million vehicles in 2022. Meanwhile, demand rose for the materials used in EV batteries such as graphite, cobalt and lithium. As demand jumps for these critical...

at 12:30
Aardex, a data-driven, community-minded real estate investment and development firm that has built out more than 1.5 million square feet of projects over the last 40 years, today announced the launch of a new company, Stellera, which will focus on...



News published on and distributed by: