Vycarb Secures $5M for Innovative Water-Based CO2 Removal and Storage
Vycarb, a trailblazing startup, has secured $5 million in seed funding for its innovative water-based CO2 removal and storage technology. The funding round was led by Twynam, with notable participation from MOL Switch, Hatch Blue, Clocktower Ventures, Idemitsu, and SGInnovate. Vycarb's system, successfully demonstrated in several pilots including a landmark installation at Brooklyn Navy Yard, measures carbon capture, removal, and storage in real-time using sensor-powered technology.
Vycarb's mission, as stated by its founder and CEO Dr. Garrett Boudinot, is to make carbon capture and storage permanent, fully measurable, and scalable. The technology converts carbon from various sources into dissolved bicarbonate in natural waters using readily available minerals. The captured CO2 remains stored in the water in a stable form for a period between 10-100,000 years.
Vycarb has secured high-integrity carbon sales agreements with industry giants like Stripe and Milkywire. The company collaborates with marine monitoring and verification company Ecocean to provide an effective solution for deep-storing CO2 storage in coastal or industrial waters. Vycarb's system can be integrated into various facilities like bioenergy plants, cement, steel, and power plants, as well as coastal ports. Vycarb has also partnered with at depth and TOMCO to deliver a low-concentration CO2 storage solution via coastal or industrial waters.
With its successful demonstration and strategic partnerships, Vycarb is well-positioned to revolutionize the carbon capture and storage industry. The recent funding will support further development and deployment of Vycarb's innovative technology, contributing to a more sustainable future.
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