Ed Ballard writes in The Wall Street Journal on Shopify’s investments in clean technologies.
- Since 2019 the E-commerce giant has invested $32 million into carbon removal projects.
- They have recently funded a San Francisco-based startup called Noya Inc., which captures CO2 from cooling towers on buildings.
- Noya estimates that one office cooling tower would be able to remove 100 metric tons of CO2 per year.
- Private sector innovation is accelerating green technologies.
“America’s roughly 2 million cooling towers remove heat from HVAC systems and industrial processes by bringing hot water into contact with a stream of air. Noya Inc., a San Francisco startup founded in 2020, has developed a system that captures carbon dioxide from those air currents. The gas can then be pressurized so it can be moved elsewhere to be stored underground or sold.”
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.
