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Solar Foods has raised $8.8 million through a firm, Springvest, which allows individual investors to buy shares of start-ups. Solar Foods makes a protein powder by feeding microbes carbon dioxide, hydrogen produced through water electrolysis, and other nutrients. The company will use the funding to start production in Finland next year; the facility there will house a 20,000 L bioreactor and electrolyzers to produce hydrogen. In May, ADM started collaborating with Air Protein, which has a similar technology.
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