News
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Sustaera Partnered with 350Solutions for Independent Review of TEA/LCA/MRV
Sustaera and 350Soutions have been awarded up to $250K as part of DOE OCED Voucher Opportunity 5. Program will support Sustaera’s plans to deploy DAC technoogy into the carbon removal market.
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Sustaera selected for award on 3 DOE DAC Hub TA-1
Sustaera’s DAC technology to be evaluated and designed into 3 potential DOE DAC Hubs in the Pacific NW, Colorado, and California. DOE support is critical to advanced DAC industry deployment at scale.
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Sustaera selected as part of Third Derivative’s first cohort dedicated to carbon removal
The CDR cohort falls under the umbrella of First Gigaton Captured. Launched less than seven months ago, the multi-year initiative funded by the Grantham Trust aims to supercharge the commercialization of viable carbon removal solutions—and, ultimately, slash the carbon removal price tag from today’s $500 per ton to $100 per ton.
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Sustaera’s novel direct air capture technology selected for $1M XPRIZE Milestone Prize
Sustaera is thrilled to announce, of the 1,133 teams that participated in the XPRIZE Carbon Removal competition, we have been selected as one of the top 15 teams to receive a $1M Milestone Prize.
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Shopify selects Sustaera for a multi-year carbon removal agreement with its novel direct air capture technology
Today, we are excited to announce that Shopify has agreed to purchase 5,000 tonnes of carbon removal from Sustaera starting in 2024. With this purchase, Shopify will become Sustaera’s largest customer to date, and we will be able to expedite deployment of our direct air capture technology.
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Tech Talk: Get Negative about the Climate
According to the most recent report from the Intergovernmental Panel on Climate Change (IPCC), temperatures around the world are destined to rise by 1.5°C within the next decade and are on track to hit 2°C by 2050—based on the current global policies and pledges.
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Stripe Climate increases carbon removal commitments to $15 million, adding four new companies
Today, Stripe is making $6 million in carbon removal purchases from four new companies. These purchases, evaluated by 13 climate science experts, cover a wide range of technologies: permanent geologic storage, ocean alkalinity enhancement, enhanced weathering, and direct air capture. This marks the third round of Stripe Climate carbon removal commitments in a year and a half.
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Gates-Backed Fund Invests in Carbon Capture Startup Sustaera
Sustaera Inc., a startup that sucks planet-warming carbon dioxide out of the air, raised $10 million from a Series A funding round led by climate funds backed by Bill Gates and billionaire investor Jeremy Grantham.
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Sustaera Closes $10 million Series A Financing to Develop Low-Cost Direct Air Capture Technology
Sustaera, a direct air capture (DAC) carbon dioxide removal company spun-out of Susteon Inc., announced the closing of its $10M Series A financing round led by Breakthrough Energy Ventures and Grantham Trust’s Neglected Climate Opportunities LLC.