Tag: climeworks

Climeworks raises USD 162M to scale up technology

Stuart Mitchell

Climeworks, the global pioneer in Direct Air Capture (DAC) technology and leading provider of holistic carbon removal portfolios, has achieved a significant milestone by securing USD 162 million in additional equity funding — marking the largest carbon removal investment of 2025 to date globally. This financing round underscores Climeworks’ commitment to scaling up and perfecting its cutting-edge technology to help significantly reduce the cost of carbon removals. This latest investment takes the company’s total funding since inception to over USD 1 billion, further solidifying its position as the industry leader.…

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Climeworks receives first ever AAA rating from BeZero Carbon

Stuart Mitchell

Climeworks has long been committed to high quality, durable and measurable carbon removal. As they wrote last year in “Why Third Party Verification Matters,” while it is critical to increase the supply of carbon removal on the market as fast as possible, reaching the gigaton target should not come at the expense of high-quality criteria. That’s why the company are particularly thrilled to share their Orca plant has achieved a groundbreaking BeZero Carbon Rating of AAA. Not only is this the highest rating in the industry, it is also the…

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Climeworks switches on world’s largest direct air capture plant

Stuart Mitchell

The largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten times bigger than its predecessor, Orca. Mammoth will bring new high-quality carbon removal capacity to the market for Climeworks to provide to its customers. Mammoth – the facts in a nutshell Climeworks broke ground on Mammoth in June 2022. The plant is built in a modular design, with twelve of its total 72 collector containers currently installed onsite. The plant will be…

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The LEGO Group signs long-term agreement for Climeworks’ permanent carbon removal services

Stuart Mitchell

As part of a commitment to reduce its environmental impact and build a sustainable future for children, the LEGO Group has entered a $2.4 million agreement with pioneering high-quality carbon-removal company Climeworks, as it continues to utilise a broad portfolio of initiatives to progress towards net-zero carbon emissions. The agreement is for the permanent removal of hard-to-abate CO₂ emissions from the air with Climeworks’ direct air capture and storage (DAC+S) solution and is designed to help Climeworks accelerate its technology scale up. KIRKBI, the family-owned holding and investment company of…

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UBS collaborates with neustark and Climeworks for removing CO₂ from the atmosphere

Stuart Mitchell

UBS has concluded long-term collaborations with two companies pioneering new carbon removal. Over the next 13 years, 39,500 tonnes of CO₂ will be removed from the atmosphere. Thanks to these collaborations, UBS fosters and supports the scale up of innovative carbon removal technologies. As part of UBS’s commitment to achieving net-zero energy-emissions from its own operations by 2025, the firm is collaborating with the two Swiss companies Climeworks and neustark, which are both pioneering new carbon removal technologies. These long-term commitments provide planning security for this important industry, help to…

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