Carbon Capture Inc. Closes $35 Million Series A Funding From Prime Movers Lab, Rio Tinto, Idealab Studio, And Time Ventures
Carbon Capture Inc. Closes $35 Million Series A Funding From Prime Movers Lab, Rio Tinto, Idealab Studio, And Time Ventures
10/19/21, 10:00 AM
Location
pasadenaMoney raised
$35 million
Round Type
series a
Carbon Capture Inc. (CarbonCapture), a climate tech company that makes machines that remove CO2 directly from the atmosphere, today announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. CarbonCapture will use the funds to accelerate product development efforts and to establish initial deployments of its renewable energy-powered Direct Air Capture (DAC) systems in locations throughout the U.S., starting with the Tamarack Nickel Project in central Minnesota in partnership with Rio Tinto PLC (LSE: RIO) and Talon Metals Corp. (TSX: TLO).
Company Info
Location
pasadena, california, united states
Additional Info
CarbonCapture is a climate tech company that makes renewable-powered, modular Direct Air Capture (DAC) machines that can be connected in large arrays to remove massive amounts of CO2 from the atmosphere. The breakthrough innovations that CarbonCapture has developed enable, for the first time, the use of zeolites for capturing CO2 as part of a commercial DAC system, eliminating a major barrier to economically scaling DAC to gigaton levels.
CarbonCapture is exclusively focused on negative emissions applications; it does not use its technology to reduce emissions from smokestacks or to support the production of fossil fuels. The company is based in the U.S., where it is building its team, developing its technology, manufacturing its systems, and working with its storage partners. CarbonCapture’s customers are organizations that seek the gold standard for carbon offsets: CO2 captured directly from the atmosphere and permanently locked away.
For more information on CarbonCapture, please visit carboncapture.com.