About Synova Power
Synova Power is an Environment company based in Maassluis (Netherlands) founded in 2011 by Giffen Ott, and was acquired by Total in February 2019. Recycles waste into clean energy. Its chief executive, as recorded, is Giffen Ott. Synova Power offers products and services including Waste-to-Olefins Process and MILENA and OLGA Technologies. Its focus areas include Waste & Water Management, Waste Management, Treatment and Processing.
Company details
Synova Power was founded in 2011 in Maassluis, Netherlands, as a developer in the waste-to-energy sector. Garbage and biomass are processed through proprietary gasification technology to remove contaminants, producing syngas as a natural gas alternative. This syngas is utilized in combined cycle gas turbines for power generation or in chemical production processes. Operations focus on sustainable waste management and renewable energy solutions.
- Headquarters Maassluis, Netherlands
- Founders Giffen Ott
- Stage Acquired
- SectorsEnvironment
- Website synovapower.com
- Social LinkedIn
- Acquired by Total (Feb 2019)
- InvestorsCaterpillar
& 2 more
- Acquired byTotal
(Feb 2019)
Products & Services of Synova Power
Synova Power offers a comprehensive portfolio of products and services, including Waste-to-Olefins Process and MILENA and OLGA Technologies.
Converts mixed plastic waste into olefins for new plastics production.
Handles waste conversion for biofuels and chemical production.
Funding Insights of Synova Power
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Synova Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | Seed | – | FullCycle, Caterpillar | – |
3 investors in total: 3 institutional.
Investors in Synova Power
Synova Power has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Caterpillar, FullCycle and TotalEnergies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
FullCycle is focused on scaling climate-critical technology solutions. | fullcycle.com | |||
Construction and mining equipment, engines, and locomotives are manufactured. | 1925 | caterpillar.com | United States | |
TotalEnergies is engaged in producing and marketing various energies. | total.com | Courbevoie, France |
Investor details for Synova Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Synova Power
1 people are tracked at Synova Power (1 in leadership).
| Name | Role | Group |
|---|---|---|
Giffen Ott | Co-Founder & CEO | Leadership |
Complete people profiles for Synova Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Timeline of Synova Power
3 dated milestones of Synova Power across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Synova Power is founded.
- Funding First funding round.
- Exit Acquired by Total.
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Related news about Synova Power
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Frequently Asked Questions about Synova Power
Synova Power was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Synova Power is headquartered in Maassluis, Netherlands. It is registered at Maassluis, South Holland, Netherlands.
Giffen Ott is the CEO of Synova Power, as recorded in our data. They have also founded this company.
Synova Power was founded in 2011 in Maassluis, Netherlands, as a developer in the waste-to-energy sector. Garbage and biomass are processed through proprietary gasification technology to remove contaminants, producing syngas as a natural gas alternative. This syngas is utilized in combined cycle gas turbines for power generation or in chemical production processes. Operations focus on sustainable waste management and renewable energy solutions.
Synova Power offers Waste-to-Olefins Process and MILENA and OLGA Technologies.
Synova Power has 3 investors. Key investors include Caterpillar, FullCycle, and TotalEnergies.
Yes. Synova Power was acquired by Total in February 2019.