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Gates-Backed Fund Invests in Carbon Capture Startup Sustaera

Todd Gillespie of Bloomberg Green reports on Sustaera, a Gates-backed carbon capture startup.

>>>Why Carbon Capture is Key to Addressing Climate Change<<<

The C3 Take
  • Sustaera is a North Carolina-based carbon capture startup that uses a cheap and alkali-based material to sequester CO2.
  • Sustaera is looking to reduce the costs of carbon capture by building its machines in a modular fashion that can be easily scaled and deployed.
  • The company’s carbon capture technology is also unique in that it runs on renewable energy, not fossil fuels.
  • Private sector innovation is essential to reducing greenhouse gas emissions.

“Sustaera plans to build a unit in 2027 that can remove 1 million tons a year, requiring about 100 acres of land. The company should then be able to target a capture price of $78 per ton, Agarwal said.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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