Climeworks raises USD 162M to scale up technology – Climeworks
Swiss company Climeworks has recently raised an impressive USD 162 million in funding to scale up their groundbreaking technology. Climeworks speciali…
Swiss company Climeworks has recently raised an impressive USD 162 million in funding to scale up their groundbreaking technology. Climeworks specializes in direct air capture technology, which essentially removes carbon dioxide from the atmosphere. This is a crucial step in combating climate change and reducing greenhouse gas emissions.
The funding round was led by a group of investors including Swiss investment firm Zurich Cantonal Bank, Japanese conglomerate Marubeni Corporation, and European energy company EnBW. This significant investment will allow Climeworks to expand their operations and make their technology more widely accessible.
Climeworks’ technology works by capturing CO2 from the air and then either storing it underground or converting it into useful products such as synthetic fuels or materials. This process not only helps to reduce the amount of CO2 in the atmosphere, but it also has the potential to create a circular carbon economy.
With the global focus on reducing carbon emissions and transitioning to a more sustainable future, Climeworks’ technology has the potential to play a vital role in achieving these goals. The company has already partnered with various organizations and governments to deploy their technology in different regions around the world.
As the world continues to grapple with the impacts of climate change, innovative solutions like Climeworks’ direct air capture technology are more important than ever. This significant funding round will undoubtedly accelerate the company’s efforts to scale up their technology and make a real impact on reducing carbon emissions.
Source: Climeworks
