The industrial sector has substantial potential for decarbonizing heat. In a recent development, AtmosZero, a company with the goal of transforming steam generation, successfully concluded a $21 million Series A funding round.
>> RELATED: AtmosZero Closes $21 Million in Series A, Moves Full Steam Ahead Toward Electrifying the Boiler Room
AtmosZero's Boiler 2.0 technology positions it to play a vital role for industrial decarbonization.
The $21 million investment, jointly led by Engine Ventures and 2150, highlights the increasing confidence in AtmosZero's technology. The participation of investors such as Constellation Technology Ventures further enhances the potential for widespread adoption. This funding will support AtmosZero's efforts to bring its technology to the market, including a pilot project with New Belgium Brewing Company and expansion into the European market.
“AtmosZero is solving for industrial decarbonization by electrifying the boiler room and building a scalable, drop-in replacement product rather than complex and expensive customized projects,” said Addison Stark, CEO and Co-Founder of AtmosZero. “Our vision is to eliminate global emissions from fossil-fueled boilers. The investment today from leading US and European investors is a tremendous validation of our technology and approach to eliminating Scope 1 boiler emissions.”
AtmosZero's Boiler 2.0 is a game-changer in steam generation. Unlike traditional fossil-fuel-powered boilers, Boiler 2.0 uses electricity to draw heat from the air, generating high-temperature steam with zero carbon emissions. This groundbreaking technology provides a scalable and economical solution for industries that depend on industrial steam, including food and beverage, chemical manufacturing, and district heating.
The pressing need to address climate change requires solutions that align with international agreements such as the Paris Agreement. By phasing out the use of fossil fuels for steam generation, Boiler 2.0 actively contributes to reducing emissions. Its widespread adoption has the potential to have a substantial impact on global carbon footprints, making AtmosZero's funding a crucial step towards meeting climate targets.
Decarbonizing industrial steam production is crucial for moving towards a low-carbon economy. Boiler 2.0 provides a practical option for different industries, allowing them to function sustainably while maintaining efficiency. This technology sets the stage for fundamental change, initiating a domino effect that can revolutionize entire sectors towards a more sustainable future.
AtmosZero's Series A funding is a significant achievement in our battle against climate change. Boiler 2.0's potential to decarbonize industrial steam production offers a promising path toward a low-carbon future. Continued support and investment in innovative companies like AtmosZero are crucial to accelerate progress and achieve a sustainable future for all.
As companies commit to decarbonizing operations, innovative solutions like AtmosZero become more critical than ever. By promoting investment, partnerships, and the adoption of such technologies, we can collectively contribute to a cleaner and more sustainable future for our planet. Let's unite to ensure this momentum continues and turns the tide on climate change.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚀 Climeworks Raises USD 162M to Scale Up Technology 🛠️ DNV Advances Skylark to Enable Safe Scaling of CO2 Pipelines for Carbon Capture and Storage 🍁 Canada’s Rising Role in the G...
Inside This Issue 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Inside This Issue 🍁 Inside Canada’s Quiet Takeover of the Carbon Capture Industry ✈️ Phillips 66 to Supply SAF to British Airways in Calif 💧 HyVera Distributed Energy Launches Green Hydrogen-On-De...
Terra CO2 Announces Additional Series B Funding to Scale Sustainable Cement Production
Investment will facilitate the rapid build out of commercial facilities across North America and Europe for Terra’s leading SCM solutions GOLDEN, Colo.--(BUSINESS WIRE)--Terra CO2 (Terra), a leadi...
Bezos-Backed Methane Tracking Satellite is Lost in Space
WASHINGTON - An $88 million satellite backed by billionaire Jeff Bezos that detected oil and gas industry emissions of the powerful greenhouse gas methane has been lost in space, the group that ope...
BHP Inks Charter Contracts With Cosco for Ammonia Dual-fuelled Vessels
SINGAPORE, July 2 (Reuters) - BHP Group has signed contracts with COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday. The two...
Climeworks Raises USD 162M to Scale Up Technology
Key take-aways: Climeworks surpasses USD 1 billion in funding, fueled by strong investor confidence USD 162M raised to further drive best-in-class technology and extend Climeworks Solutions CO₂ r...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.