It will use the investment to invest in growing its team, further product development, and scale up its platform’s capacity to serve more customers and suppliers. It recognises that companies face obstacles in investing in carbon removal portfolios due to issues such as supply limitations, concerns about quality and risk, and high prices.Įarlier this year, CUR8 closed £5.3 million in a pre-seed funding round. London-based climate tech startup offering a market-making platform for carbon removals is addressing the challenge of decarbonisation by professionalising and accelerating the carbon removals industry. CUR8 (UK) Picture credits: CUR8įounder/s: Marta Krupinska, Gabrielle Walker, Mark Stevenson Founded year: 2022 Total funding: $7M In addition to soil conditioner, NovoCarbo also produces other types of biochar: used as a feed additive, biochar regulates digestion and increases feed efficiency. This makes biochar suitable for different uses, including as a soil conditioner, in biogas plants, or as bedding for stables and cowsheds Different feedstocks, and the way these materials are processed, create biochars with different properties. It produces biochar from plant residues such as wood chips, nutshells, and manure. Novocarbo is a carbon removal company built by business professionals with a legacy of passion for soil and agriculture. Managing Director: Sven Wissebach Founded year: 2017 Total funding: NA Novocarbo (Germany) Picture credits: Novocarbo The company’s first market target is providing sustainable and fossil-free CO₂ to indoor agriculture growers in the EU. Its hardware uses intermittent renewable energy to effectively capture diluted carbon dioxide from the air and convert it into pure CO2 that is pumped into greenhouses. Kyiv-headquartered Carbominer has developed a modular Direct Air Capture carbon removal technology. ![]() Carbominer (Ukraine) Picture credits: Carbominerįounder/s: Nick Oseyko, Viktoria Oseyko Founded year: 2020 Total funding: $950K The company intends to use the funds to expand operations and its development efforts. Late last year, the Israel-based provider of an energy-efficient and scalable CO2 capture solution raised $10M in Series A funding. The system is also built using multiple cell stacks, which makes it modular, scalable, and affordable. Its solution captures carbon dioxide from the air, utilising renewable electricity to separate CO2 at a gigaton scale. RepAir Carbon Capture aims to innovate the direct air capture (DAC) industry with technology that uses less energy than conventional DAC systems. RepAir Carbon Capture (Israel) Picture credits: RepAir Carbon Captureįounder/s: Yehuda Borenstein, Yushan Yan Founded year: 2020 Total funding: $11.5M ![]() That said, here is a list of carbon capture startups in Europe that you need to watch for in 2023. ![]() In recent times, carbon capture and management startups, including Compact Syngas Solutions, Noya, and Carbon Re secured investments. ![]() Understanding this potential, several investors are pouring funds into startups in this industry. The industry is a vital part of the economy of the region, with a higher contribution to gross value added than the EU average industries like cement and chemicals have higher emissions than the EU average, and countries are significantly more dependent on fossil fuels.Īs it is extremely important, the carbon capture and storage market is expected to reach $9.39 billion in 2027 at a CAGR of 14.69%. Capturing CO2 from the air is key to reversing global warming.Ĭarbon removal companies are having a moment as carbon capture and storage are moving up on the climate agenda of both European countries. Reportedly, human activities release over 40 Gigaton of CO2 into the atmosphere every year. Carbon forms the building blocks of today’s economy and this is not going to change. The bricks in our homes, the clothes we wear, and the food we eat – all these activities involve carbon emissions.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |