About Climeworks
Climeworks engages in capturing CO2 from the air via commercial carbon dioxide removal technology.
Headquarters
Climeworks, Zürich
Founded
2009-01-01
Industry
Carbon Capture, CleanTech, Environmental Engineering, GreenTech
Last Funding Type
Private Equity
Valuation
2
Total Funding
$784.12 million dollars
IPO Status
Private
Financial
Climeworks launched a new climate business and opened the world's largest carbon-capture plant in Iceland. The company also announced new technology that captures double the CO2 for half the energy and unveiled global expansion plans. Climeworks established its US headquarters in Austin and secured a $2.4 million carbon removals deal with the Lego Group. Additionally, Climeworks launched a new carbon removal portfolio service.
Climeworks AG is focused on advancing technologies for capturing carbon dioxide from various gas mixtures, including ambient air, flue gas, and biogas. Their R&D efforts include developing sorbent materials and methods for CO2 capture through cyclic adsorption/desorption processes. They are also working on direct air capture devices with features like sliding doors for sealing and separation units with circumferential walls. Additionally, Climeworks is researching the regeneration of degraded amino-sorbents and the production of amine-functionalized fibers for enhanced direct air capture. Each area of research aims to improve the efficiency and effectiveness of carbon capture.
Climeworks has launched Mammoth, the world's largest direct air capture and storage plant in Iceland. The facility can remove up to 36,000 metric tons of CO2 from the air annually, using 72 industrial fans to capture and store carbon underground. This marks a significant step in carbon capture technology, aiming to mitigate climate change impacts.
Climeworks AG is focused on advancing technologies for capturing carbon dioxide from various gas mixtures, including ambient air, flue gas, and biogas. Their R&D efforts include developing sorbent materials and methods for CO2 capture through cyclic adsorption/desorption processes. They are also working on direct air capture devices with features like sliding doors for sealing and separation units with circumferential walls. Additionally, Climeworks is researching the regeneration of degraded amino-sorbents and the production of amine-functionalized fibers for enhanced direct air capture. Each area of research aims to improve the efficiency and effectiveness of carbon capture.
Climeworks has launched Mammoth, the world's largest direct air capture and storage plant in Iceland. The facility can remove up to 36,000 metric tons of CO2 from the air annually, using 72 industrial fans to capture and store carbon underground. This marks a significant step in carbon capture technology, aiming to mitigate climate change impacts.
Funding Rounds
8
Number of Lead Investors
4
Total Funding Amount
$784.12 million dollars
Number of Investors
11