Diana Olick of CNBC writes on a novel direct air capture startup.
- Two common criticisms of direct air capture (DAC) is that it is energy-intensive and water-intensive.
- California-based Avnos believes that it has solved this issue with its fully electric Hybrid DAC solution that uses dehumidification technology to produce approximately five tons of water per ton of CO2 captured.
- That startup has received $35 million in backing from Jet Blue, Shell Ventures, and the Grantham Foundation’s Neglected Climate Opportunities Fund to accelerate its technology.
“Both water and captured carbon can be used to make sustainable aviation fuel. That was particularly attractive to investor JetBlue Ventures, the venture capital arm of the airline, which invests in companies attempting to change the travel industry.”
Read the full article here.