Carbon Ridge reports that it has raised $6 million on BusinessWire.
- Carbon Ridge is a Los Angeles-based startup that creates modular, on board carbon capture and storage solutions for the shipping industry.
- Some experts estimate that shipping is responsible for as much as 3% of global emissions.
- The new funding enables Carbon Ridge to continue to develop its technology for an onboard pilot test in 2023.
“’We believe onboard carbon capture & storage will be the lowest cost and most efficient pathway to achieve near-term decarbonization in the maritime industry. We are very excited about partnering with The Grantham Foundation, Crowley and Berge Bulk, as leaders in their respective sectors, each with strong commitments to long-term climate stabilization,’ said Chase Dwyer, Founder & CEO of Carbon Ridge.”
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