Carbon Clean Solutions completes $22 million Series B round to scale CO₂ capture technology

July 10, 2020
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The Series B funding round, led by five global players, including recent investors Equinor and Icos Capital, will support the company's ongoing growth efforts to scale technology across several industrial sectors while continuing cost reduction efforts to validate the claimed capture cost of $30/MT of CO2, which is significantly lower than that of incumbent MEA-based technologies. To achieve the latter, Carbon Clean Solutions is working on producing modularized systems as it scales its technology for large-scale projects in new sectors like cement. With several projects in the pipeline, clients should monitor the company's progress in achieving its capture cost goals by 2021, which would be a game-changer for industrial decarbonization.

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