climeworks – Thinking Port

Climeworks Wins Funding For Direct Air Capture & Storage In Norway

April 18, 2024 admin carbon removal and sequestration, climeworks, direct air capture (dac), enova, green economy, ICELAND, Norway

Credit to Author: Jonny Tiernan| Date: Mon, 15 Apr 2024 19:10:23 +0000

Climeworks, the company responsible for the world’s first and largest Direct Air Capture and Storage (DAC+S) plant in Iceland, has been awarded €2.3 million by Enova, a state enterprise owned by Norway’s Ministry of Climate and Environment. The multi-million euro boon for the world leader in DAC facilities will fund … [continued]

The post Climeworks Wins Funding For Direct Air Capture & Storage In Norway appeared first on CleanTechnica.

CleanTech Energy News Science

Carbon Sequestration (For Dummies)

January 31, 2023 admin carbon removal and sequestration, carbon sequestration, climate change, climeworks, direct air capture, reforestation, research, SCIENCE

Credit to Author: Naomi Cole & Joe Wachunas| Date: Sun, 29 Jan 2023 14:00:17 +0000

A number of organizations have charted a path to a decarbonized world by 2050 and broken down required action into four areas or “pathways.” In recent posts, we discussed the first three pathways — decarbonizing electricity, electrifying everything, and using energy efficiently. We also discussed how individuals can take part in, and move the needle on, […]

CleanTech Energy News Science

Climeworks Predicts Drop In Cost To Below $250/mt For Carbon Removal By 2030

July 5, 2022 admin Carbon Capture, climate change, climeworks, direct air capture

Credit to Author: Jonny Tiernan| Date: Mon, 04 Jul 2022 21:35:31 +0000

The manager for strategic partnerships at Climeworks, Barbara Truyers, has stated that the cost of Direct Air Capture technology is set to drop as low as $250-$300/mtCO2e by the end of 2030 while hoping to reach multi-megaton capacity. Climeworks has recently announced Carbon Dioxide Removal (CDR) purchases by well known companies like Zendesk, BCG, Svarovski, […]

CleanTech Energy News Science

Climeworks Predicts Drop In Cost To Below $250/mt For Carbon Removal Until 2030

July 4, 2022 admin Carbon Capture, climate change, climeworks, direct air capture

Credit to Author: Jonny Tiernan| Date: Mon, 04 Jul 2022 21:35:31 +0000

CleanTech Energy News Science

Carbon Removal Pioneer Climeworks Raises $650 Million To Grow Faster

April 26, 2022 admin carbon removal, climeworks, green economy, investment

Credit to Author: Jonny Tiernan| Date: Tue, 26 Apr 2022 12:55:55 +0000

Climeworks, a leading player in the field of carbon removal technology, has recently announced an equity round of $650 million. This marks a major milestone in the carbon removal industry and the future trajectory of Climeworks as a company. The news comes hot on the heels of the company’s deals with Zendesk and with the […]

CleanTech Energy News Science

Zendesk Signs Carbon Removal Agreement With Climeworks

March 22, 2022 admin carbon removal, climeworks, direct air capture, green economy

Credit to Author: Jonny Tiernan| Date: Tue, 22 Mar 2022 18:55:11 +0000

This month, Climeworks signed a progressive deal with Zendesk, the service and sales company, to permanently remove part of its unavoidable emissions. This deal demonstrates a clear sense of climate understanding from Zendesk and will empower Climeworks’ carbon-removal solution and also its necessary and sustainable mission. Climeworks was founded in 2009 by engineers Christoph Gebald […]

CleanTech Energy News Science

Climeworks Announces Boston Consulting, LGT Bank, & Rothesay As New Carbon Removal Customers

February 14, 2022 admin carbon removal, climate change, climeworks, direct air capture, green economy

Credit to Author: Jonny Tiernan| Date: Mon, 14 Feb 2022 17:09:42 +0000

In addition to high-scale emission avoidance and reduction efforts, high-quality carbon removals are beginning to be another component of global net-zero roadmaps. This has triggered both LGT and Boston Consulting Group (BCG) to sign a 10-year air capture agreement with Climeworks, thereby committing to a longstanding commitment towards carbon removal. The UK’s largest pension insurance […]