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Funding
Climeworks to raise USD 50 million in private funding to match DOE contribution
Carbon Capture, Utilization & Storage (CCUS)
Yesterday
This week:
Product updates
Carbon Clean launches CycloneCC C1 carbon capture system
Carbon Capture, Utilization & Storage (CCUS)
Yesterday
Partnerships
Travertine partners with Sabin Metal to build carbon-negative demo plant in New York
Carbon Capture, Utilization & Storage (CCUS)
Yesterday
Last week:
Funding
Planetary Technologies raises USD 11.4 million in Series A funding to scale carbon removal
Carbon Capture, Utilization & Storage (CCUS)
Oct 25, 2024
Partnerships
Climeworks signs second-largest DAC deal with Morgan Stanley to remove 40,000 tons of CO2 by 2037
Carbon Capture, Utilization & Storage (CCUS)
Oct 24, 2024
Partnerships
Climeworks partners with CapturePoint Solutions for Project Cypress CO2 storage
Carbon Capture, Utilization & Storage (CCUS)
Oct 23, 2024
Partnerships
Johnson Matthey partners with Noya to scale DAC technology
Carbon Capture, Utilization & Storage (CCUS)
Oct 22, 2024
Partnerships
ION Clean Energy and Koch Engineered Solutions expand carbon capture partnership
Carbon Capture, Utilization & Storage (CCUS)
Oct 22, 2024
Geographic expansion
Skytree opens new HQ in North America; expands to Nashville
Carbon Capture, Utilization & Storage (CCUS)
Oct 18, 2024
Funding
LanzaTech secures USD 3 million from US DOE to advance CO2 conversion
Carbon Capture, Utilization & Storage (CCUS)
Oct 16, 2024
Carbon Capture, Utilization & Storage (CCUS)

Carbon Capture, Utilization & Storage (CCUS)

Yesterday

Climeworks to raise USD 50 million in private funding to match DOE contribution

Funding

  • Climeworks, a Swiss direct air capture (DAC) company, intends to raise USD 50 million in private investment to match USD 50 million already provided by the Department of Energy (DOE) to expand the Project Cypress DAC hub expansion.

  • The funds will be used to expand Project Cypress with an additional direct air capture (DAC) facility, with construction planned to start in Q3 2026 and operations expected to begin by the end of 2027.

  • Analyst QuickTake: Earlier this month, the company partnered with CapturePoint , a CO2 sequestration company, to transport and store CO2 from its Project Cypress DAC hub in Louisiana. It also signed its second-largest contract with Morgan Stanley to remove 40,000 tons of CO2.

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