Oxsensis has raised £3m in a funding round in which Carbon Trust Investments has joined existing investors Albion Ventures, Seven Spires, Frog Capital, the Rainbow Seed Fund and several private investors.
Oxsensis claims to have developed the world’s highest temperature sensors that can be used in gas turbines.
They are capable of measuring heat and pressure in aggressive environments where temperatures can reach more than 1,000°C.
Accurate readings offer the possibility of running turbines at higher combustion temperatures, thereby increasing efficiency, lowering operating costs and reducing carbon emissions.
The funding will support business development and help Oxsensis to further extend its sensor technology, which will have a market advantage by providing more accurate data than existing technologies and enabling optimal turbine efficiency.
The company is already progressing from technology development to full-scale commercialisation with long-term customer trials currently underway on initial products in its WavePhire sensor range. The technology also has applications in the aerospace and automotive industries for helping engines to run more efficiently.
David Gahan, chief executive of Oxsensis, said: ‘Oxsensis technology is supporting developments across three critical carbon-intensive industries and has the potential for significant impact.’