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Brineworks secures $2.2M in funding led by Pale blue dot to accelerate technical development of CO2 ocean extraction and low-cost green hydrogen production.

Sep 12, 2024over 1 year ago

Amount Raised

$2.2 Million

Round Type

seed

AmsterdamRenewable EnergyEnergy

Investors

Pale Blue Dot

Description

Brineworks has secured $2.2 million in funding to enhance its seawater electrolyser technology for CO2 extraction and green hydrogen production. The investment will support the deployment of its first technical pilot project.

Company Information

Company

Brineworks

Location

Amsterdam, North Holland, Netherlands

About

Brineworks is an Amsterdam-based startup focused on CO2 ocean extraction and low-cost green hydrogen production. Their seawater electrolyser boasts industry-leading efficiency in extracting CO2 while co-producing green hydrogen. This innovative technology aims to provide sustainable energy solutions to heavily emitting industries like maritime and aviation. The company is committed to setting new standards in energy sustainability and cost-effectiveness.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers