Rolls-Royce secures funding to build Direct Air Capture

Funding Rounds

Summary

It follows initial Phase 1 funding of £250,000 awarded in 2021, that allowed Rolls-Royce to design the demonstrator in partnership with the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Jess Poole, Direct Air Capture Lead for Rolls-Royce, said: “Every credible climate change model requires us to decarbonise today’s emissions, as well as removing CO2 already in the atmosphere via carbon negative technologies such as DAC. Other technologies consume a lot of water and require substantial amounts of energy to generate heat for the separation of the CO2. “This funding is great news for the team, and we’re excited about the future potential of this technology to help fight climate change.” The demonstrator system will be built and operated by an in-house team at Rolls-Royce in an existing aerospace test facility, called Test Bed 52, on our Derby campus. This facility was previously used to test jet engines and is built for drawing in air and measuring how well new technologies perform.

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Amount - Total raised
Date - Announcement date
Investors R2 Data Labs Lead investors
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