Climeworks raises USD 162M to scale up technology – Climeworks
Climeworks, a Swiss company specializing in carbon capture technology, has recently secured a significant amount of funding to further develop and sca…
Climeworks, a Swiss company specializing in carbon capture technology, has recently secured a significant amount of funding to further develop and scale up their innovative technology. The company announced that they have raised USD 162 million in a funding round led by Breakthrough Energy Ventures and Microsoft co-founder Bill Gates.
Climeworks’ technology involves capturing carbon dioxide from the air and storing it underground, effectively removing it from the atmosphere. This process not only helps to reduce greenhouse gas emissions, but also has the potential to combat climate change by actively removing carbon dioxide from the air.
The company has already deployed several carbon capture plants around the world, including in Iceland and Switzerland. With this new funding, Climeworks plans to expand their operations and build more plants to increase their impact on reducing carbon emissions.
Climeworks’ technology is especially significant in the fight against climate change, as it offers a solution to actively remove carbon dioxide from the atmosphere, rather than just reducing future emissions. This could have a major impact on global efforts to limit global warming and mitigate the effects of climate change.
The funding raised by Climeworks is a testament to the growing interest and investment in technologies that can help address the urgent issue of climate change. With innovative solutions like carbon capture technology, companies like Climeworks are leading the way towards a more sustainable future.
Source: Climeworks
