Prime Movers Lab is a venture capital firm that seeks to invest in startups reinventing energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture.

Prime Movers Lab

Idealab is a technology incubator that provides resources to allow start-ups to rapidly introduce innovative products and services. The company’s mission is to challenge the status quo, to be bold, and to tackle big ideas.  Idealab provides the first round of capital, recruits a CEO and team, and then works with the company to quickly ramp up its business.

Idealab

Lightbank VC is a $700M AUM venture fund that invests in early-stage vertically focused AI, consumer, enterprise, healthcare, crypto, fintech and climate companies. It focuses on pre-seed, seed and Series A opportunities where they write initial checks between $250k - $5m. They have invested in over 150 companies such as Tempus, Udemy, Fiverr (NYSE: FVRR), Sprout Social (NYSE: SPRT), Boom Supersonic, Tastytrade (acq. $1B+), Extend, Attain, Paytient and Expel.

Lightbank

Rio Tinto is a mining and exploration finding better ways to provide the materials the world needs. Steel is made from iron ore. Aluminum with a low carbon footprint for electric vehicles and smartphones. Copper is used in wind turbines, electric cars, and water pipes in our homes. Borates, which aid crop growth, and titanium, which is used in paint.

Rio Tinto

Alumni Ventures Group provides high-quality, diversified venture portfolios to individual investors who previously haven't had access to VC. It helps accredited alums from top entrepreneurial schools invest together in the ventures of fellow alums. The firm backs companies with an alumni connection and an institutional lead investor with expertise in the space. AVG also offers focused funds that allow any accredited investor access to a venture portfolio, diversified by type, sector, stage, and geography. Beth Obermiller, Michael Madden, and Mike Collins co-founded the firm in Manchester, New Hampshire in 2013.

Alumni Ventures

Time Ventures is an investment fund for Marc Benioff. The company looks to invest in theB2B, hospitality, non-financial services, and commercial products and services sectors.

Time Ventures

As an Independent Advisory solution, Ethos is a fiduciary partner for an exclusive group of clients, providing: Superior service empowered by client concentration. Customization empowered by authentic objectivity. Creativity empowered by the flexibility to seek unique solutions. Portfolio and risk management insights empowered by a seasoned institutional investment team

Ethos Family Office

In June 2020, Amazon announced The Climate Pledge Fund to support the development of sustainable and decarbonizing technologies and services that will enable Amazon and other companies to meet the goals set by The Climate Pledge. This dedicated investment program—with an initial $2 billion in funding—will invest in visionary companies whose products and solutions will facilitate the transition to a low-carbon economy.

Climate Pledge Fund

Siemens Financial Services support Siemens and external companies with innovative financing. Siemens Financial Services support Siemens and external companies with innovative financing. By drawing on its financial and technological expertise, they create value for its customers and enhance its competitiveness.

Siemens Financial Services

Neotribe Ventures focuses on strategic investments in early to growth-stage companies developing breakthrough technologies that stretch the imagination. Just as tribes represent small, protective, and caring groups, Neotribe believes that startups with innovative and aspirational teams thrive if provided the security and backing to be unafraid in the pursuit of new ideas, excellence, and success. To learn more about how Neotribe is partnering with entrepreneurs in the U.S., Europe, Israel, India, and Australia in their quest to solve complex and deeply impactful problems to create lasting change, visit www.neotribe.vc.

Neotribe Ventures

Aramco Ventures is a venture capital investment firm that invests in start-ups and technologies that have strategic relevance to Aramco's business, with the ability to scale and disrupt.

Aramco Ventures

IdealabX invest in early-stage startups that are solving big problems in the world in Energy, AI, Mobility, and Advanced Manufacturing.

IdealabX

CarbonCapture

CarbonCapture is a climate tech company that develops direct air capture (DAC) machines to remove CO2 directly from the atmosphere. The company works to reverse climate change by making machines that leverage innovative molecular sieves, low-cost renewable energy, and tunable purpose-built systems to remove CO2 from the atmosphere at scale cost-effectively.

CarbonCapture develops modular units to capture CO2 directly from the atmosphere. The company was incubated at Idealab Studio, along with <a href="https://sp-edge.com/companies/832196">Heliogen</a> and <a href="https://sp-edge.com/companies/698337">Energy Vault</a>. The company uses zeolites for capturing CO2.&nbsp;

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

U.S. direct air capture company CarbonCapture Inc. secures lease for world’s first DAC manufacturing facility

The Boston Consulting Group

BCG has partnered with CarbonCapture Inc., covering both BCG's purchase of CarbonCapture's atmospheric carbon dioxide removal services and their intention to support CarbonCapture's business strategy through BCG's management consulting services.

Solutions that capture CO2 from ambient air, including from indoor spaces.

Microsoft

Microsoft's purchase of carbon removal credits generated through CarbonCapture's technology will help support the company's efforts to reduce its carbon footprint and achieve its sustainability goals.

CarbonCapture develops modular units to capture CO2 directly from the atmosphere. The company was incubated at Idealab Studio, along with <a href="https://sp-edge.com/companies/832196">Heliogen</a> and <a href="https://sp-edge.com/companies/698337">Energy Vault</a>. The company uses zeolites for capturing CO2.&nbsp;The company was developing <a href="https://www.businesswire.com/news/home/20220908005446/en/CarbonCapture-Inc.-Announces-Five-Megaton-Direct-Air-Capture-and-Storage-Project-in-Wyoming">Project Bison</a>, a DAC facility in Wyoming, in partnership with carbon storage developer Frontier Carbon Solutions and Twelve. It intended to capture five million tons of CO2 per annum by 2030 once the facility was fully operational. In <a href="https://sp-edge.com/updates/33109">September 2024</a>, CarbonCapture halted the development of Project Bison in order to relocate to another state due to competition for renewable energy from rapidly growing data centers. This has delayed the operationalisation of the project.Key customers and partnershipsIn March 2023, CarbonCapture signed up <a href="https://www.theverge.com/2023/3/22/23651587/microsoft-climate-tech-startup-carboncapture-wyoming">Microsoft</a> to supply carbon removal credits from its Project Bison. In June 2023, the company entered into a five-year carbon removal agreement with <a href="https://www.businesswire.com/news/home/20230621338252/en/">Boston Consulting Group</a> to remove 40,000 tons of CO2. In September 2023, CarbonCapture agreed to provide ~100,000 tons of CO2 removal credits to <a href="https://sp-edge.com/updates/21790">Amazon</a>. In November 2023, the company agreed to supply 45,500 tons of CO2 removal by 2028 for USD 20 million to <a href="https://sp-edge.com/updates/24160">Frontier</a>, an advanced market commitment (AMC) for carbon removal technologies.

Prometheus follows a next-gen electro-chemical-based approach to convert CO2 into carbon-neutral fuel using renewable energy and carbon nanotubes. Industrial fans suck ambient air and blow it across a waterfall that absorbs CO2 and additional water. The electricity “charges” and “energizes” captured carbon with hydrogen molecules from water to create long-chain alcohols. Alcohols are then harvested using a special type of membrane called the Maxwell Core. Its pores are carbon nanotubes, which allow alcohol through while rejecting water. A final catalyst step combines the alcohols and recovers water. The company claims that it is the only one in the world that can separate alcohol from water economically. This step can be customized to produce gasoline, diesel, or jet fuel.In <a href="https://prometheusfuels.com/news/our-finished-commercial-scale-stack-design-unlocks-lowest-cost-fuel">October 2022</a>, Prometheus completed the design of the commercial-scale cell and stack Titan Fuel Forge.Key customers and partnershipsIn June 2019, Prometheus partnered with Boom Supersonic (a company building the world’s fastest supersonic airliner) to supply carbon-neutral fuel for the flight test program of one of its demonstrator aircraft scheduled for 2021. In July 2021, the company entered into a purchase agreement with American Airlines to supply 10 million gallons of carbon-neutral jet fuel.&nbsp;

Prometheus Fuels

UK-based Storegga Geotechnologies (Storegga) provides carbon capture and storage (CCS) solutions for energy-intensive sectors such as petrochemicals, agriculture, and airlines. In July 2020, Storegga acquired Pale Blue Dot Energy (PBDE), through which the company became the lead developer of the Acorn CCS Project (the UK’s first large-scale carbon capture project). In August 2022, Storegga launched a new entity <a href="https://sp-edge.com/updates/11990">“Storegga Americas” </a>to explore clean fuel opportunities and to scale up its operations across the US, Canada, Latin America, and the Caribbean.Key customers and partnershipsIn June 2021, Storegga partnered with Carbon Engineering, a Canadian direct air capture (DAC) startup, to initiate engineering and designing a new facility in North East Scotland, which could remove between 500,000 and one million metric tons of CO2 from the atmosphere annually. The project was backed by a UK government grant of GBP 249,000 received in May 2021. In July 2021, Acorn CCS signed a memorandum of understanding (MoU) with SEGAL and FUKA gas terminals to capture carbon dioxide (CO2) from its operations. The two gas terminals will become the first customers for Acorn CCS. In August 2021, Storegga signed an MoU with Virgin Atlantic to secure the airline as an early customer.&nbsp;In March 2022, Storegga <a href="https://sp-edge.com/updates/9378">partnered</a> with Mitsui to commercialize its proprietary DAC technology. In June 2022, the company signed an MoU with <a href="https://sp-edge.com/updates/11230">Aker Carbon Capture</a> to deploy CCS projects in the UK. Other partners include Sval Energi, Talos Energy, Freeport LNG and <a href="https://sp-edge.com/updates/10230">ScottishPower</a>.In August 2023, Storegga together with Sval Energi, a Norwegian energy provider, and Neptune Energy, a UK-based oil and gas explorer, <a href="https://sp-edge.com/updates/21191">secured</a> their <a href="https://sp-edge.com/updates/16698">previously applied</a> CO2 storage license to develop the Trudvang CCS project in the Norwegian North Sea. In October 2023, the company signed an MOU with <a href="https://sp-edge.com/updates/22815">Svante</a> to develop CCUS projects by combining Svante's carbon capture and removal filter technology and Storegga's CO2 transportation and storage expertise. In <a href="https://sp-edge.com/updates/32814">August 2024</a>, the company partnered with PETRONAS and ADNOC to evaluate offshore CO2 storage capabilities in Malaysia.&nbsp;&nbsp;&nbsp;&nbsp;

Storegga Geotechnologies

Carbfix is an Icelandic carbon sequestration company that stores captured carbon dioxide (CO2) permanently underground. During the pilot phase of Carbfix, findings revealed that over 95% of the injected carbon dioxide mineralized within two years, in contrast to the previous understanding that it would take several hundred or thousands of years. Carbfix began as an academic-industrial research project in 2007 and was established as a subsidiary of Reykjavik Energy (OR), an Icelandic geothermal company, in 2019. Carbfix was spun out of OR in January 2020.As the technology requires vast amounts of water to dissolve carbon dioxide, in June 2021, Carbfix’s technology was validated to be used with seawater—applicable in regions where fresh water is scarce. The use of seawater with Carbfix’s technology is experimental, with a field pilot project scheduled in Iceland for 2022.Key customers and partnershipsIn August 2020, Climeworks, a Swiss company specializing in direct air capture (DAC) technology, along with ON Power, a Swiss geothermal energy provider, signed an agreement with Carbfix to scale up CO2 removal and storage. From September 2021, the new facility, located in Iceland, is expected to remove 4,000 tons of CO2 from the atmosphere per year. In 2017, Climeworks and Carbfix also partnered to operate a small-scale DAC and storage facility of 900 metric tons per year, also in Iceland.In July 2021, Aker Carbon Capture, a Norwegian carbon capture company, signed a memorandum of understanding (MoU) with Carbfix to collaborate on cost-efficient carbon capture and storage solutions. Elkem, a Norwegian environmentally responsible manufacturer of materials, has also partnered with Carbfix to reduce emissions of its alloys plant in Grundartangi, Iceland.In <a href="https://sp-edge.com/updates/21311">August 2023</a>, the company partnered with the University of Edinburgh (UoE) and the Scottish Universities Environmental Research Centre to evaluate CO2 mineralization in Iceland. In <a href="https://sp-edge.com/updates/23535">November 2023</a>, Carbfix injected dissolved CO2 in seawater underground in partnership with the universities of Geneva and Switzerland, Iceland GeoSurvey (ISOR), and University College London.In <a href="https://sp-edge.com/updates/28975">April 2024</a>, Carbfix partnered with Deep Sky, a Canadian carbon removal project developer to explore potential CO2 mineral storage options in Canada.Funding and financialsIn July 2022, Carbfix was awarded a grant of ISK 16 billion (USD 117 million) from the EU Innovation Fund for the deployment of its Code Terminal project (a CO2 transport and storage hub) to capture 3,000,000 tons of CO2 per annum by 2031.

Carbfix

Global Thermostat specializes in Direct Air Capture (DAC) technology to remove carbon dioxide (CO2) from the atmosphere. The company employs a proprietary process using amine-based adsorbents to capture CO2, which is then concentrated for various applications, including storage and conversion into fuels, chemicals, and other products. This technology aims to transform CO2 from a climate liability into a valuable resource, contributing to a circular carbon economy​In <a href="https://sp-edge.com/updates/29707">May 2024</a>, the company was acquired by Zero Carbon Systems, a developer of CO2 removal technologies, for an undisclosed sum.Key customers and partnershipsAs of August 2021, Global Thermostat had two pilot facilities in California and Alabama, each with the capacity to remove 3,000–4,000 metric tons of carbon dioxide per year. Since 2019, Global Thermostat has been in a partnership with ExxonMobil to scale commercially.In April 2023, Global Thermostat unveiled one of the world’s largest DAC units that permanently captures CO2 from the atmosphere. The unit had been under trial since the end of 2022, capturing 1,000 tons of CO2 per annum at the company’s US headquarters in Commerce City, Colorado. The DAC unit launched was a commercial-scale demonstration, with the company taking on pre-orders for DAC systems.In <a href="https://sp-edge.com/updates/26251">February 2024</a>, the company commissioned its first containerized T-Series system for the multi-ton scale DAC, with two microalgae producers, MicroBio Engineering Inc and Cyanotech Corporation, using this system to improve the production of microalgae biomass for renewable fuels in Kailua-Kona, Hawaii.Funding and financialsMost recently in May 2023, the company received an undisclosed investment from Sumitomo Corporation, via its US-based venture arm Presidio Ventures. The two companies had also signed a letter of intent (LoI) to identify and develop CCS projects globally.

Global Thermostat

Remora’s devices capture carbon emissions directly from truck tailpipes. They can be fitted onto tailpipes of existing trucks to capture carbon dioxide (CO2) for 600–1,200 miles before an offload. Remora’s solution was initially funded by the Environmental Protection Agency (EPA) and tested at the agency’s National Vehicle and Fuel Emissions Lab.The company’s technology has a capture efficiency of 80% and can offload the captured CO2 while refueling—to be sold to concrete producers and other end users. The proceeds from the sale of CO2 are expected to be shared across fleet owners and customers once commercialized. Funding and financialsIn February 2024, the company raised an undisclosed amount in a Series A funding round led by Voyager Ventures.&nbsp; Key competitors: None comparable (Remora is the only startup that captures carbon from truck tailpipes)

Remora

Solutions that capture CO2 from flue-gas stacks including both industrial stacks and vehicle tailpipes.

Solutions that “recycle” captured CO2 to produce commercial products other than sustainable fuel, such as proteins, plastics, building materials, etc.

Solutions that permanently store captured CO2 underground.

Solutions that “recycle” captured CO2 to produce sustainable fuels

Recycles captured CO2 emissions to produce sustainable fuels and other products

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PROMINENT_CATEGORY

<div>
 CarbonCapture, a direct air capture (DAC) company, has put a hold on the development of Project Bison in Wyoming due to the high competition for renewable energy from rapidly expanding data centers. The company is planning to move the project to another state. 
 Launched in 2023, Project Bison aimed to be in operation by 2024, with plans of achieving five million tons of carbon removal annually by 2030. Despite significant advancements, including securing three Class VI permits from the Wyoming Department of Environmental Quality, the company decided to halt the project.
 According to the company, the use of clean energy is crucial for its operations to have the desired effect on carbon emissions. CarbonCapture will announce the new location of its DAC site in the upcoming months and is coordinating with the Department of Energy about transferring the<a href="https://sp-edge.com/updates/21229"> previously raised </a> USD 12.5 million in funding to the new site.
</div> Analyst QuickTake: 
 In <a href="https: 
//sp-edge.com/updates/27522"> March 2024 </a> , the company had raised USD 80 million in a Series A funding round and had signed pre-purchase agreements for carbon removal credits with major companies such as Microsoft and BCG. Most recently, in <a href="https: 
//sp-edge.com/updates/30684"> June 2024 </a> , CarbonCapture also leased an 83,000 sq feet manufacturing facility in Mesa, Arizona, capable of producing up to 4,000 DAC units per year. The company also unveiled its Leo Series, the first US DAC system designed for mass production, with each module containing 12 DAC reactors capable of removing 500 tons of CO2 per year.

CarbonCapture

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