A leadership transition and a major investor commitment are opening a new chapter for Solidia Technologies, whose cementitious binder and energy-lite curing process offer a low carbon alternative to portland cement concrete.
The company appointed Bryan Kalbfleisch as its new chief executive officer. He brings over two decades of industry experience to the role. Kalbfleisch arrives from Summit Materials, where he served as president of both the Texas Region and Alleyton Resource, a Houston-based ready mixed concrete and aggregate producer. Prior to Summit, he was president of Oldcastle Materials’ Arkansas-based APAC Central business.
“Joining Solidia provides me the rare privilege of helping move cement and concrete into their next generation with higher-performing materials that are better for industry, people, and the planet,” said Kalbfleisch. “Having devoted my career to this industry, I am excited to help build a new legacy for it with the support of some of the world’s most committed leaders in advancing sustainable innovation.”
Concurrent with the CEO appointment, Solidia announced a $78 million fundraise to support continued development and deployment of technologies that accelerate decarbonization of critical building materials.
“Solidia creates value while lowering industrial carbon emissions and advancing solutions that use captured CO2, which is unique in the industry and aligns well with our long-term investment focus,” said Bruce Hogg, managing director and head of the Sustainable Energy Group at Canada Pension Plan Investment Board (CPP Investments). “We are pleased to have a leader of Bryan’s caliber taking Solidia to the next stage of development.”
CPP Investments is one of four new Solidia Technologies investors, joining LafargeHolcim and BASF Venture Partners among a host of peers and private investors participating in prior funding rounds.