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Today’s Highlights:
🔝Top Story: Terradot Raises $58M Series A for Carbon Removal Tech, Led by John Doerr and Top Investors.
💲Investment: Google, Stripe, and others invest $80M in carbon capture, while Resilience AI raises $1M for a climate risk platform.
🔬 Innovation: Scientists at NTU Singapore have developed a 3D concrete printing method that captures CO2, reducing the carbon footprint of cement while improving concrete strength.
🔄 Integration: Canada sets net-zero grid by 2050, Worley and ExxonMobil partner on hydrogen, and ThorCon plans Indonesia’s first thorium-based nuclear plant.
💡 Intelligence: 9 Clean Energy Developers to Know in 2024.
Terradot Raises $58M Series A for Carbon Removal Tech, Led by John Doerr and Top Investors
Image Credit: Terradot
Funding and Investors
Brazilian-American climate tech startup Terradot raised $58 million in a Series A funding round led by Kleiner Perkins’s Chairman John Doerr. The round also saw participation from major investors including Microsoft’s Climate Innovation Fund, Google, Cisco Foundation, and high-profile individuals like Sheryl Sandberg, Tom Bernthal, and George Roberts. This funding will support the company’s expansion and development of new technologies.
Carbon Removal Technology
Terradot utilizes Enhanced Rock Weathering (ERW) to remove carbon from the atmosphere by applying silicate rock powder to agricultural soils. The company aims to scale this carbon removal solution, particularly in tropical regions where rock weathering has the greatest potential for impact.
Growth and Expansion Plans
Founded in 2022, Terradot is running pilot projects in Brazil and has secured contracts with Google and the Frontier Climate initiative. The company plans to use the new funds to fulfill its contracts, acquire infrastructure, and develop software products to further enhance its carbon removal capabilities. Read More
Investment Highlights of the Day
- Google, Stripe, and others are investing $80 million in carbon credits to support CO280 and CREW’s innovative carbon capture technologies at paper mills and sewage plants. Read More
- Resilience AI has raised $1 million in seed funding to develop Resilience360, a climate risk management platform that helps organizations prepare for extreme climate events using machine learning and deep analytics. Read More
Innovation Highlights of the Day
Scientists at NTU Singapore have developed a 3D concrete printing method that captures CO2, reducing the carbon footprint of cement while improving concrete strength. Read More
Integration Highlights of the Day
- Canada has finalized Clean Electricity Regulations aiming for a net-zero grid by 2050, scaling back its 2035 emissions-neutral target to address reliability and cost concerns. Read More
- Worley and ExxonMobil have agreed on EPC terms for a world’s largest low-carbon hydrogen facility in Baytown, Texas. Read More
- ThorCon will build Indonesia’s first nuclear power plant on Kelasa Island, using a thorium-based reactor to provide 500 MW of low-carbon electricity by 2028. Read More
Climate Insider Intelligence: 9 Clean Energy Developers to Know in 2024
Renewable vs Clean Energy: What’s the Difference and Why It Matters for the Future of Our Planet. Discover top developers like Électricité de France (EDF), Commonwealth Fusion Systems, and Goldwind, leading the charge in clean energy innovations. Explore how these industry giants are shaping a carbon-free future and overcoming the challenges ahead. Get the full breakdown of the game-changers in nuclear, solar, and wind energy in the listicle. Read More
