Titan Cement Group has made new venture capital investments in two US-based disruptive technology suppliers. The cement producer enlarged its investment in energy storage specialist Rondo Energy, which has developed the Heat Battery. The technology enables cement plants and other industrial operations to access a constant supply of electricity using captive renewable energy sources. It also invested in venture capital firm Zacua Ventures, which handles a portfolio of companies involved in developing optimisation, automation and Construction 4.0 technology, including products relevant to the cement industry.
Titan Group Chief Sustainability and Innovation Officer Leonidas Canellopoulos said “We are committed to embracing innovation and fresh perspectives. By engaging with advanced construction and green technology startups through direct and indirect investments, as well as collaborations, we intend to forge more partnerships in the sector.”