Avnos, Inc. Secures $36 Million in Series A Funding Led by NextEra Energy Resources
Summary
Avnos will use the new funds to grow its world-class team, deploy additional HDAC assets across North America and Europe, and open a new, state-of-the-art research and development facility located just outside New York City. "Our state-of-the-art lab underscores our mission to push the frontiers of innovation and deliver scalable and efficient carbon removal solutions, said Ben McCool, Senior Vice President of Technology at Avnos. As we expand our dynamic technical team, Im proud to cultivate a collaborative environment that brings together top-notch talent, actively shaping and advancing the cutting-edge technologies driving Avnos towards impactful solutions." Founded in Los Angeles, California, Avnos produces water as it captures carbon dioxide from the air, making it the most resource-efficient and therefore cost-effective technology available on the market today. Avnos has been awarded multi-million-dollar projects from the U.S. Department of Energy to demonstrate its HDAC solution in the field, and from the U.S. Office of Naval Research to pilot CO2 capture and e-fuels production.