Banyu raises $6.5 million for light-driven CDR
Plus: EU to establish an EU carbon removals certification framework
Today, in brief:
remove's Accelerator Program open for applications for 6th cohort.
EU to establish an EU carbon removals certification framework.
Banyu has raised a $6.5 million seed round for light-driven mCDR.
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🌳 Afforestation and Reforestation ⚫ Biochar 🟫 Soil Sequestration 🔥 BECCS 💨 DAC 🌊 DOC ⛰️ Enhanced Weathering 🧪 Ocean Alkalinity Enhancement ⚗️ Ocean Fertilization 🔵 Blue Carbon and Coastal Wetlands 🌿 Algae 📦 Storage 👨🔬 Utilization 📈 Markets ⚖️ Regulation 📐 MRV 🤷 Other
Buyers
📈 CDR sector buoyed by strong growth in corporate demand, says S&P. [Read More]
💰 Microsoft signs CDR deal with Startup Neustark to remove biogenic carbon from biogas plants for storage in recycled construction materials. [Read More]
Suppliers
🧪 Planetary Technologies’ ocean alkalinity enhancement trial in the UK considered “very low risk” by independent report. [Read More]
🔥 Aker Carbon Capture awarded feasibility study for Zurich waste incineration plant. [Read More]
💨 Heimdal breaks ground on their Project Bantam site in Oklahoma. [Read More]
MRV
📐 The National Renewable Energy Laboratory (NREL) – the federally funded research and development center - is taking part in three out of four winning proposals that will receive $15 million in funding for research on improving the measurement, reporting, and verification (MRV) of carbon dioxide (CO2) removal technologies. [Read More]
Deals
☀️ mCDR startup Banyu has raised a $6.5 million seed round from Grantham, Propeller, United Airlines Ventures, Carbon Removal Partners and ReGen Ventures [Read More]. Parker Hughes from ReGen Ventures also covers deal here.
💰 New Carbonx procurement round attracts $7M for CDR. [Read More]
💨 Avnos raises $36 million Series A funding led by NextEra Energy Resources to advance hybrid DAC approach. [Read More]
Government + Policy + Regulation
⚖️ European Council and Parliament agree to establish an EU carbon removals certification framework. [Read More]
💰 The U.S. Dep. of Energy will award $100 million for CDR projects. [Read More]
Research & Analysis
📚 CU Boulder leads $5.9 million marine carbon dioxide removal monitoring effort. [Read More]
📚 CO2RE - the UK’s hub on greenhouse gas removals - publishes interactive guide to CDR methods through Imperial College London. [Read More]
Today’s Socials
Niels Schneider - Senior Venture Manager and Climate Lead for CDL - pushed out his podcast episode with Marian Krueger - co-founder and director of remove. Worth a listen on Spotify or Apple Podcasts.
Opinion Corner
🔥 Accelerating a green transition through BECCS, by Violet George. [Read More]
💃 How CDR startup Spiritus turned Taylor Swift’s superbowl CO2 emissions into a marketing opportunity. [Read More]
🟫 How much carbon can farmers store in their soil? Nobody’s sure. [Read More]
🤷 Suck It Up: Everyone's in favor of carbon dioxide removal—including the fossil fuel industry, which sees it as a lifeline. [Read More]
Opportunities & Events
JustCarbon (a carbon marketplace) launches investment accelerator for CDR projects. [Learn More]
remove's Accelerator Program - Europe's premier platform dedicated solely to CDR startups - is currently open for applications for its 6th cohort. [Apply Here]
Lowercarbon Capital are recruiting for a Chief of Staff in Investment Operations (🙈 full disclosure, this writer also applying … but it’s an incredible role, a bit of a rockstar team, and ‘the’ mission - so happy to spread the word!) [Apply Here]
Recommendations
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