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We've been keenly watching CarbonCapture Inc. for the last few years with a specific focus on their progress around using modularity to enable the rapid scaling up of their Direct Air Capture (DAC) solution with a high level of technological readiness. They’re deploying their first commercial system in 2024 with the goal to grow Project Bison to 5 million tonnes per year by 2030.
Their approach is to build open, general DAC systems that are upgradable, minimize obsolescence, and speed up development cycles. We love this mindset as it reduces waste as well as helps DAC grow quicker by learning what works faster.
We’re thrilled to be working with CarbonCapture and including them in our Carbon Removal Portfolio.
Type: Direct Air Capture + Storage
Permanence of carbon removal: 1000+ years
Additionality: High
Stage: Growth
Location: USA
CarbonCapture is a leading developer of DAC. They’ve partnered with Frontier Carbon Solutions to safely and durably store all the captured CO₂ in Class VI wells in Wyoming, USA where it can’t escape for hundreds of thousands of years. It’s effectively permanent.
The company employs over 45 people in the USA, with plans to grow to roughly 100 by the end of the year.
We’re dedicated to addressing climate change head on by decarbonizing the atmosphere as quickly as possible.
CEO + CTO, CarbonCapture Inc.
The idea for CarbonCapture came about during a conversation between founder Bill Gross and Salesforce’s Marc Benioff about which technologies might make the greatest impact on combatting climate change. Gross, Chairman of Idealab (the world’s longest-running tech incubator) soon launched CarbonCapture and welcomed Benioff as the company’s first investor.
It may seem counter-intuitive, but CarbonCapture thinks the best way to get big is by fitting DAC systems into small container-sized modules. That way they can mass produce them in controlled factory environments and assemble them on site in arrays that may start small, but can grow to megatons and beyond. Also, small-scale modularity brings down costs by enabling rapid deployment, fast project de-risking, and high-velocity design iteration.
They develop and manufacture their own proprietary DAC systems as well as deploy and operate these systems in the field. It also allows them to rapidly translate any learnings they gain from operating in real-world field conditions into system improvements.
With a net carbon negativity of between 85 to 90%, high storage permanence and using renewable energy, DAC+S has a role to play in solving climate change.
They build open, general DAC systems that are upgradable, minimize obsolescence, and speed up development cycles.
Their DAC machines - running on renewable energy - filter CO2 from the air, capturing it from the atmopshere so it can't contribute to climate change.
Working with their storage partner, Frontier Carbon Solutions, they pump the captured CO2 underground into wells where it is safely stored and can't escape.
CarbonCapture’s ambition is to remove 5 million tonnes (5 megatonnes) of CO₂ per year by 2030.
They’ll do this by building up their modular container-sized units one step at a time and will use locally generated renewable energy with storage to ensure that their DAC solution has high net carbon negativity (estimated at 85 to 90%).
All carbon credits sold are net removals, meaning net of emissions produced in the capture and storage process. Delivered carbon removal credits will be accompanied by a full reporting of the CO2 removed, the CO2 emitted to build and power its facilities, and the CO2 actually stored underground – full transparency.
CarbonCapture’s core innovation is its modular open systems architecture, which allows them to manufacture their DAC systems in factories and swap in best-in-class sorbents (the material or liquid than absorbs the CO2 from the air) as they become available.
They’ve recently signed a partnership with Microsoft (as well as Zopeful), which is a catalytic large corporate purchase, further demonstrating the credibility of their technology and growth plans.
We can’t wait to see what comes next for them!
To achieve Net Zero (& beyond) we need to grow global carbon removal capacity to somewhere between 5 to 10 gigatonnes per year by 2050. Direct Air Capture + Storage has the potential - from a carbon storage permanence, additionality and scaling potential - to contribute to achieving this goal.
Zopeful's Carbon Removal Portfolios primarily look at solutions that are as-permanent-as-possible-for-the-$, combined with additionality and verifiability. As you may know from our climate courses, we're very conscious of climate justice issues as well. There can be no full transition to a zero emissions world that isn't just. We're including carbon removal partners in the portfolios that engage and include local communities in the locations they operate in.
Months prior to their announcement of Project Bison, CarbonCapture kick started a best-in-class strategy for community engagement. Creating channels for dialogue and transparency with a community that has little to zero knowledge of direct air capture and sequestration has been their priority from day one.
With a mission to educate, earn trust, and prepare the workforce, they continue to make themselves accessible to residents, local businesses, unions, and tribes who are passionate about preserving the beauty and integrity of the place they call home through town hall meetings, webinars, and an advisory council of local representatives.
Additionally, their goal is to use previously disturbed land as much as possible, while prioritizing above all else animal migratory corridors through collaboration with the Wyoming state government and locals NGOs.
Zopeful Climate has diligently vetted their carbon removal portfolio, ensuring that only the highest-quality projects are included. We are honored to be featured in their first portfolio and are excited to partner with them in their mission to create a carbon-free world.
CEO + CTO, CarbonCapture Inc.
Slowing and reversing climate change not only requires us to reduce emissions from the current levels, but to also remove the hundreds of billions of tonnes we’ve already added to the atmosphere over the last 200 years. We need to grow global carbon removal capacity to somewhere between 5 to 10 gigatonnes per year by 2050. DAC+S has a significant role to play in this effort.
We're excited by CarbonCapture's plan to significantly scale up the capacity of direct air capture and storage (DAC+S) to millions of tonnes per year by 2030. Their focus on innovation and mass production techniques to reduce costs is particularly exciting, as it has the potential to make this important technology far more accessible and affordable than it is today.
Read about Direct Air Capture + Storage and why we include it in our Carbon Removal Portfolios 👇
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