Climeworks, the company responsible for the world’s first and largest Direct Air Capture and Storage (DAC+S) plant in Iceland, has been awarded €2.3 million by Enova, a state enterprise owned by Norway’s Ministry of Climate and Environment. The multi-million euro boon for the world leader in DAC facilities will fund … [continued]
The Department of Energy is providing $1.1 billion to fund two direct air capture sites, one in Texas and one in Louisiana.
A number of organizations have charted a path to a decarbonized world by 2050 and broken down required action into four areas or “pathways.” In recent posts, we discussed the first three pathways — decarbonizing electricity, electrifying everything, and using energy efficiently. We also discussed how individuals can take part in, … [continued]
The manager for strategic partnerships at Climeworks, Barbara Truyers, has stated that the cost of Direct Air Capture technology is set to drop as low as $250-$300/mtCO2e by the end of 2030 while hoping to reach multi-megaton capacity. Climeworks has recently announced Carbon Dioxide Removal (CDR) purchases by well known … [continued]
Climeworks, a leading player in the field of carbon removal technology, has recently announced an equity round of $650 million. This marks a major milestone in the carbon removal industry and the future trajectory of Climeworks as a company. The news comes hot on the heels of the company’s deals … [continued]
This month, Climeworks signed a progressive deal with Zendesk, the service and sales company, to permanently remove part of its unavoidable emissions. This deal demonstrates a clear sense of climate understanding from Zendesk and will empower Climeworks’ carbon-removal solution and also its necessary and sustainable mission. Climeworks was founded in … [continued]
In addition to high-scale emission avoidance and reduction efforts, high-quality carbon removals are beginning to be another component of global net-zero roadmaps. This has triggered both LGT and Boston Consulting Group (BCG) to sign a 10-year air capture agreement with Climeworks, thereby committing to a longstanding commitment towards carbon removal. … [continued]
Climeworks’ first carbon capture prototype starts operating in Iceland.
Elon Musk has put up $100 million to spur research into carbon capture technologies that actually work.
Stripe has revealed it is spending $1 million to fight climate change. For those who may not know what Stripe is, it’s an online payment platform that allows online sellers such as myself to accept credit card payments, Apple Pay, or even Google Pay for goods and services.
