Carbyon closes €15.3M Series A investment to demonstrate its…
Summary
Their fast swing technology increases CO2 capacity and thereby significantly drives down unit, energy and project costs all critical criteria to facilitate large scale deployment. This international consortium of investors, all having a strong track record of supporting cleantech startups, have a shared urgency to combat climate change. This high-speed process drastically reduces the costs of their DAC machines, leading to significantly lower cost-per-ton of CO2 captured.During the past few years, the company has been perfecting their technology to prepare for scaling up. This consortium is a dream scenario and is highly motivating to continue with our mission.We are very pleased to be able to support Carbyon as it moves forward with the development of innovative and affordable technology to capture CO2 directly from the atmosphere Andy Bown, Head of Negative Emissions Technologies Investments from Siemens Financial Services commented. We stand ready to offer our financial expertise and access to Siemens broad portfolio of solutions to support Carbyon in its journey to deploy DAC systems at scale.