Climeworks secures $650mn to scale up direct air capture
Swiss startup aims for megaton capacity by 2030
Swiss direct air capture (DAC) startup Climeworks has raised $650mn in a funding round led by private equity firm Partners Group and Singaporean sovereign wealth fund GIC. Additional investors this round include investment managers Baillie Gifford and M&G, venture capital firms Global Founders Capital and Carbon Removal Partners, individual venture capitalist John Doerr and reinsurance giant Swiss Re—which had signed a 10-year carbon removal contract with the company in August last year. The company has signed carbon removal contracts with technology giant Microsoft, global consulting firm Boston Consulting Group and private banking and asset management group LGT. Over 13,000 individuals
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity