Limerick-based BHSL buys Hydro, completes €7m fundraising round

Agritech firm expanding from poultry manure as energy source into municipal sludge

Irish agritech business Biomass Heating Solutions Limited (BHSL) has raised €7 million in new equity from a number of high-net-worth individuals. It has also acquired wastewater and effluent treatment company Hydro International for an undisclosed sum.

The Limerick-based company, which has pioneered a unique method for using poultry manure as an energy source, previously raised €5 million in a fundraising round last year to support its growth plans.

BHSL founders Jack and Declan O’Connor are finalists in this year’s EY Entrepreneur of the Year awards.

Charlie Taylor

Charlie Taylor

Charlie Taylor is a former Irish Times business journalist

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