Today's a big day at Vaulted Deep - we're thrilled to announce a groundbreaking $58.3M deal with Frontier Climate to remove 152,480 tons of CO2 from the atmosphere, helping pave the way for our carbon removal industry to grow and drive meaningful impact in addressing the climate crisis. It might seem like a quick (91x!) scale up from our Frontier pre-purchase just 8 months ago, but that's because the core of Vaulted is technology that has been decades in the making. Our unique geologic slurry injection, developed in the oilfield space, deploys a legacy mature technology to remove carbon from the atmosphere. That means we can focus on near-term scale of CDR that is permanent, safe, high-quality and regulated. We’re all about tons underground in the near term - getting to meaningful scale ASAP: “The amount Vaulted aims to remove is equal to roughly 40 percent of the annual emissions from a single U.S. gas-fired power plant.” (Canary Media) With Frontier’s largest offtake to-date, we are delivering high quality CDR at hyper-speed (2k+ tons in our first 4 months of operation) and puts us on track to deliver 30k tons of CDR over the coming year. Thank you to all of the Frontier members for supporting our high quality carbon removal: Stripe Shopify J.P. Morgan Alphabet Inc. Meta McKinsey & Company Autodesk Workday H&M Watershed & our registry partner Isometric Dive deeper here: https://lnkd.in/gKftJ8AQ
Vaulted Deep’s Post
More Relevant Posts
-
It's a big one! Thrilled to share we've signed a $58.3M offtake with Frontier Climate to deliver 152,480 tons of permanent carbon removal over the next few years. Wait, what? Quick recap: ✅ Vaulted Deep launched as a dedicated CDR company only 8 months ago, but we're leveraging a mature technology, developed in the oilfield space, now applying it to removing carbon from the atmosphere. ✅ Frontier (Stripe and Shopify) first supported us with a pre-purchase of 1,666 tons late last year, signaling their trust in the quality of our CDR. We then delivered that pre-purchase in a record 4 months - fastest & largest delivered! We simultaneously launched on Isometric to ensure all our CDR was robustly monitored and transparently shared. ✅ This $58.3M offtake is Frontier's largest to date! It shows they trust we can scale up quickly without sacrificing quality. Our CDR is permanent (10,000+ years), measurable, fully regulated, and goes beyond vaulting carbon - it avoids methane and removes pathogens, improving environmental and local community health. Dive in deeper here: https://lnkd.in/g3hHH6mH A huge thank you to all the people making carbon removal (actually) happen Judy Savitskaya Hannah Bebbington Nan Ransohoff Andrew Shea Eamon Jubbawy Neil Hacker Ryan Orbuch Clea Kolster, PhD Duncan Carlson Mitchel Selby Randy Spock Claire G. Kiely Stripe Shopify McKinsey & Company JPMorgan Chase & Co. Alphabet Inc. Workday H&M Autodesk Watershed Meta Rubicon Carbon
Today's a big day at Vaulted Deep - we're thrilled to announce a groundbreaking $58.3M deal with Frontier Climate to remove 152,480 tons of CO2 from the atmosphere, helping pave the way for our carbon removal industry to grow and drive meaningful impact in addressing the climate crisis. It might seem like a quick (91x!) scale up from our Frontier pre-purchase just 8 months ago, but that's because the core of Vaulted is technology that has been decades in the making. Our unique geologic slurry injection, developed in the oilfield space, deploys a legacy mature technology to remove carbon from the atmosphere. That means we can focus on near-term scale of CDR that is permanent, safe, high-quality and regulated. We’re all about tons underground in the near term - getting to meaningful scale ASAP: “The amount Vaulted aims to remove is equal to roughly 40 percent of the annual emissions from a single U.S. gas-fired power plant.” (Canary Media) With Frontier’s largest offtake to-date, we are delivering high quality CDR at hyper-speed (2k+ tons in our first 4 months of operation) and puts us on track to deliver 30k tons of CDR over the coming year. Thank you to all of the Frontier members for supporting our high quality carbon removal: Stripe Shopify J.P. Morgan Alphabet Inc. Meta McKinsey & Company Autodesk Workday H&M Watershed & our registry partner Isometric Dive deeper here: https://lnkd.in/gKftJ8AQ
Frontier bets $58.3M on carbon removal startup Vaulted Deep
canarymedia.com
To view or add a comment, sign in
-
Silicon Valley Is Betting on Carbon Removal. Meet the Pioneer Public Affairs Client, Charm Industrial, Leading The Race. Article Excerpt: In May, Frontier—a coalition of companies including Meta and Stripe that has banded together to buy offsets from new carbon removal projects—signed a $53 million agreement with Charm. Under the deal, Charm says it will remove 112,000 tons of carbon dioxide from the atmosphere by 2030. J.P. Morgan also agreed in May to purchase more than 28,000 tons worth of carbon removals from Charm. In June, investors poured $100 million into the company. “We’ve got the early lead in delivery and now in customer contracts as well,” Peter Reinhardt, Charm’s CEO and co-founder, told Time Inc. after the funding round. “Going forward now [the task] is basically scaling up to meet demand. That means additional injection wells. It means building up more pyrolysis capacity, [and] hiring and training more operators. All of that good stuff.” Read the full profile below:
Meet the Company Leading The Carbon Capture Race
time.com
To view or add a comment, sign in
-
This is my next analysis in the ‘R’s series – nat-tech REFILL SYSTEMS To reduce confusion about what is the THE CIRCULAR ECONOMY, I shall clarify the 'R' words in several posts over the coming weeks. 'R' relates to my era of 'R’ in The Circular Economy a user’s guide (2019) Routledge. nat-tech REFILL SYSTEMS to maintain the value, utility and efficiency of objects in a systems context are part of Circularity. Nat-tech REFILL SYSTEMS exist in auto-refill form and can be exploited through appropriate technologies: · Gold hydrogen is trapped in natural subsurface accumulations. Leaks have been known since ancient times in Grece, for some time in Africa as a result of oil exploration, and in Brazil where hydrogen (H2) leaks create fairy circles curiously devoid of vegetation. It is known that when H2 leaks catch fire, they will burn forever. Research into the natural production mechanisms of H2 has only just started, as has industrial exploitation. In 2019, the startup Natural Hydrogen Energy drilled the first U.S. hydrogen well amid corn and soybean fields in Nebraska. H2 is a zero-carbon circular fuel, water being the only emission which can be split again into oxygen and hydrogen atoms, two pure gases. · Steam from geysers is industrially exploited in Iceland, geothermal heat in many regions. Steam can be used as a zero-carbon fuel, exploiting the natural circularity of water, or as a filler in a closed heat transfer system. Other major nat-tech REFILL SYSTEMS are canals with locks, operating by using gravity and water’s natural circularity to close the water loop. Canals enabled the industrial revolution in the USA, UK, France and other countries to rapidly transport big volumes of resources and products from producers to clients. Well known examples are: · The Göta Canal is a Swedish narrow boat canal constructed in the early 19th century; it linkes Göteborg at Skagerrak with Stockholm at the Baltic See and crosses five lakes. · The Panama Canal crosses the Panama isthmus to link the Pacific and Atlantic oceans. Locks allow canal ships to overcome differences in elevation between two locations, using small quantities of water by cascading water, each lock refilling the next downstream lock when a ship passes - without pumps. This requires the existence of a lake or another water source at the highest point of the system to permanently refill the top lock. Canals are zero-carbon systems and represent long-live infrastructure, which need to be regularly maintained; the boats used to be drawn by horses and are now powered by diesel engines. The absence of a filler (water) paralyses canal system, a fact which at present in Panama. To this day, narrow canals also have important social function. Most locks are chain locked at night and pubs situated next to them serve as meeting and drinking places at night. And there are national competitions between lockkeeper’s houses for the most beautiful garden #Rs #Canals #circulareconomy #H2
To view or add a comment, sign in
-
Climate tech startup Spiritus unveiled plans to launch a direct air capture and sequestration site in central Wyoming on Tuesday. The Orchard One facility will begin operations in 2026, according to Spiritus. The Los Alamos-based company said it aims to create a “carbon orchard” capable of capturing and sequestering up to 2 megatons of carbon dioxide from the atmosphere annually. The facility also seeks to make direct air capture more accessible by “driving a tenfold reduction” in cost compared to current standards, bringing the price tag down to under $100 per ton. “Direct air capture has traditionally been costly and, in many ways, energy intensive,” a Spiritus spokesperson told ESG Dive over email, noting that unlike most other facilities, Orchard One will collect carbon from the atmosphere through passive contact. This method relies on a sorbent technology created by Spiritus — which helps pull carbon dioxide from the air over a porous, solid-phase material — instead of utilizing industrial fans which increase energy consumption. Paul Young CPA is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across industries and geographies for the past 8 years. Paul is also an ESG SME expert of ESG policy and reporting as part of the operational, management, and regulatory reporting cycles. Paul_Young_CGA@outlook.com #carboncapture #sequestration #co2sequesration #CO2 Courses - https://lnkd.in/ga_S5dMR Blog – How to select the best ESG solution for your /Organization - https://lnkd.in/euerp_6B Blog – Is Carbon Capturing an option – ESG and Climate Change - https://lnkd.in/g4kimbEJ
Los Alamos-based Spiritus to launch large-scale carbon capture facility
esgdive.com
To view or add a comment, sign in
-
Hope you got to enjoy some fireworks and barbecues over this Fourth of July weekend. At CTVC, we were cooking up our report on H1’24 climate tech funding, and we’ve got some takeaways for you. In other news: -New AI use leads to surge in Google’s emissions -Leading nonprofit Science Based Targets initiative CEO resigns -Shell pauses construction on one of its biggest planned biofuels projects In deals: -$541m in four newly announced funds, from Seaya, The Westly Group, Carbon Equity, and FreeFlow Ventures. -$183m aquisition of 3D metal printer Desktop Metal -$149m for electric aircraft across two deals with Eve Air Mobility and Archer. Read more here: https://lnkd.in/g77xuAbw
🌏 State of climate tech in H1 2024 #204
ctvc.co
To view or add a comment, sign in
-
Strategic Leader in Sustainable Transportation & GreenTech | Master Connector & Growth Catalyst | Driving Performance & Leading Change | Emerging Tech Enthusiast
The topic of Carbon Capture got brought up at this weeks' ChargedUp Community roundtable. I hadn't heard of it, so I just finished up reading a piece one of the engineering leaders suggested to check out. Here are the points I found the most interesting: Modular Innovation: Initially, CarbonCapture explored small-scale, modular devices that could be transported and scaled easily, catering to diverse customer needs. Now, they're shifting towards a grand vision - building a massive array of machines to inject CO2 into the earth, illustrating the scalability of carbon capture technology. Material Science Breakthroughs: A core focus for CarbonCapture is enhancing the materials used in their carbon sponges, aiming for a seamless replacement process that could significantly reduce costs and improve efficiency. This approach not only simplifies maintenance but could also drive down the cost of direct air capture from the current $400-$1,000 per metric ton of CO2 to an ideal $100 per metric ton by 2050. CarbonCapture's journey from a vision in 2019 to a major player in the DAC field underscores the critical role of innovation and investment in combating climate change. Their efforts, backed by giants like Amazon's Climate Pledge Fund and Siemens, highlight a growing consensus on the necessity of direct air capture technology in achieving net-zero emissions. Curious, what are your thoughts on the scalability and cost-effectiveness of DAC technologies? How do you see initiatives like CarbonCapture's influencing the global approach to climate change mitigation? https://lnkd.in/gByKGcdW #CarbonCapture #Sustainability #ClimateChange #Innovation
CarbonCapture wants to take carbon removal down the cost curve
canarymedia.com
To view or add a comment, sign in
-
Microsoft is stepping up its sustainability game with an innovative approach to #carbon capture. Their project, known as "Heirloom," aims to capture carbon and store it in long-lasting materials. 🧬 Carbon Farming: Think of it as farming carbon! Microsoft's Heirloom project explores the potential of using carbon as a valuable resource. This could be a game-changer in combating climate change. 🛠️ Long-Lasting Solutions: Instead of just storing carbon temporarily, Heirloom aims to lock it away in materials that endure for generations. It's like creating a carbon time capsule for the benefit of our planet. Initiatives like #Heirloom are essential steps towards a greener future. Microsoft's commitment to sustainability shows that tech giants are taking climate change seriously. Explore the full story to learn how Heirloom could play a vital role in Microsoft's carbon-neutral journey and the fight against climate change. 🌐🌎 Read more: https://bit.ly/3Rrafib #Sustainability #Climate #Innovation #Ecology #Microsoft
Microsoft puts limestone in the limelight with carbon removal deal
emergingtechbrew.com
To view or add a comment, sign in
-
📣 Featuring our next Net Zero Speaker Spotlight... Chris Erickson! Following over 25 years in Silicon Valley as a vice president of a Fortune 500 company and CEO of four successful software startups, Chris founded Climate Earth to transform the discipline of LCA from a manual labor intensive process to an automated and business friendly process. Climate Earth’s network of cloud based EPD generators for ready mix, cement, and masonry now operate in over 1,000 plants in North America, Europe and Asia. Their goal is to place digital EPD data at the fingertips of the concrete industry to accelerate innovation in the emerging low carbon construction industry. Take a glimpse at his presentation 👇 🎤 PRESENTATION – EPD 3.0, A vision of the future for EPDs EPDs are rapidly becoming a business imperative for concrete producers. Projects can now be won or lost based on the embodied carbon impact of proposed mixes. Climate Earth delivered the world's first EPD generator in 2013 and now supports 1,000 plants in North America, Europe and Asia. From Chris' global perspective, this presentation will discuss how EPD generators must evolve as low carbon concrete moves from being a nice to have to a critical win-lose purchase metric. Make your way to the #Metaverse on March 14th! 🌐 Click the link below to register for #N0CC: https://hubs.ly/Q02l_yyc0 #N0CC2024 #SustainableConstruction #Concrete #Speaker
To view or add a comment, sign in
-
-
𝐕𝐨𝐲𝐚𝐠𝐞𝐫 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 Climate VC Snapshot from CLIMAFIX Voyager Ventures invests in early-stage climate technology companies creating the foundation of a decarbonized global economy and a livable future for all. Country: USA, New York & SFO Web: https://www.voyagervc.com 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐭𝐞𝐜𝐡 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨: (from web site & public sources) Aepnus Technology - Materials - Low-carbon chemicals production Andes - Carbon Management - Microbes to replace synthetic fertilizer and sequester carbon in soils. ANNEA - Data + Analytics - Predictive maintenance and optimization for renewable assets. Anthro - Energy + Efficiency - Ultra-dense, safe, flexible batteries to enable energy storage. Atlas Materials - Materials - Carbon-negative nickel production. CarbonChain - Data + Analytics - Carbon traceability software for commodities, manufacturing, and industrial supply chains. Channing St. Copper Co. - Energy + Efficiency - Energy storage equipped appliances. ElectricFish - Energy + Efficiency - Portable energy storage for ultra-fast EV charging. Entolabs India Private Limited - Data + Analytics - AI to eliminate energy waste in buildings. InRange - Energy + Efficiency - The marketplace for local, low-carbon electricity. Intensivate Energy + Efficiency - Ultra-efficient computing chips. Lydian - Materials - Carbon-neutral fuels and chemicals. Mitti Labs - Data + Analytics - Methane reduction throughout agricultural supply chains. Powerline - Energy + Efficiency - Transforming EVs into mobile power plants. Remora - Mobility - Carbon capture for trucking fleets. SnoFox Sciences - Data + Analytics - Digital twin for cold chain facilities. Stealth - Materials - Real meat without the slaughter. == 𝘊𝘭𝘪𝘮𝘢𝘵𝘦 𝘝𝘊 𝘚𝘯𝘢𝘱𝘴𝘩𝘰𝘵 𝘪𝘴 𝘢 𝘴𝘦𝘳𝘪𝘦𝘴 𝘣𝘺 𝘊𝘓𝘐𝘔𝘈𝘍𝘐𝘟 𝘸𝘩𝘦𝘳𝘦 𝘰𝘶𝘳 𝘵𝘦𝘢𝘮 𝘪𝘥𝘦𝘯𝘵𝘪𝘧𝘪𝘦𝘴 𝘤𝘭𝘪𝘮𝘢𝘵𝘦 𝘧𝘰𝘤𝘶𝘴𝘦𝘥 𝘝𝘊𝘴 𝘢𝘯𝘥 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘴 𝘢 𝘣𝘳𝘪𝘦𝘧 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦𝘮. Hope you found this snapshot useful. Sarah Sclarsic | Sierra Peterson | Leonardo Banchik | Matthew Blain | Jake Kent
To view or add a comment, sign in
-
-
Companies with CCUS technology Post 2 The next company to talk about is the California-based Hierloom Carbon Technologies Inc (heirloomcarbon.com). The company built in California’s Central Valley the first commercial plant in the United States to use direct air capture, which involves vacuuming greenhouse gases from the atmosphere. Their technology will take the carbon dioxide from the air by heating the limestone into a powder and have the gas permanently in (the aggregates) concrete (or stored underground), in partnership with CarbonCure (carboncure.com). Limestone is one of the most abundant rocks on the planet, but capturing CO2 from the air is done naturally over the years. Heirloom’s technology accelerates this natural process to just days. It is estimated that this facility can capture 1,000 metric tons of CO2 annually. They also have another plant planned in Louisiana. The company is selling carbon removal credits to companies paying a premium to offset their own emissions. Besides Microsoft, Heirloom’s backers include Ahren Innovation Capital, Breakthrough Energy Ventures, Carbon Direct, and Lowercarbon Capital. The company has raised $54.3 million to date. It is evident that CCUS companies expect the cost of the extraction of CO2 via Direct Air Capture to decrease, once scale and technology improves. Currently, it is estimated that the costs of this technology are somewhere between $600 and $1,000 for each metric ton of CO2, mainly because of the huge amount of energy required to run the equipment. However, as has been with other technologies (like solar), the cost will eventually become competitive. Sources: https://lnkd.in/eQ4t6KWq https://lnkd.in/ee_U2Cqj.
Heirloom
heirloomcarbon.com
To view or add a comment, sign in
||Supervisor Biochar production & maintenance ||Carbon dioxide removal & storage ||Biomass flow methodologies || Biochar enthusiasm, Bio oil, Bio gases & biofertiliser ||Industrial Electrician
2moCongratulations!