Climeworks Exceeds One Billion Dollars in Venture Capital Funding for Direct-Air Carbon Capture Technology
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Meanwhile, in the realm of world news, Swiss carbon capture firm Climeworks has secured an additional $162m in equity finance, bringing its total funding to over $1bn. This funding round, led by BigPoint Holding and Partners Group, will be used to scale up Climeworks' direct air capture (DAC) technology.
Co-CEO and co-founder of Climeworks, Christoph Gebald, stated that the focus is on scaling DAC technology by driving down costs and pushing innovation. Scaling up DAC technology could potentially bring down the cost of carbon removal, making it a more viable solution for combating climate change.
This significant funding for Climeworks is led by the Swiss Federal Office for the Environment (FOEN), demonstrating the government's commitment to investing in world market climate protection technologies.
In conclusion, a subscription to Gas World offers an invaluable resource for those working in the gas industry, providing access to exclusive, detailed, and up-to-date content. Meanwhile, the success of Climeworks serves as a testament to the potential of direct air capture technology in addressing climate change, with the support of significant funding from both private and public sectors.
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