Published by Todd Bush on March 14, 2024
Company adds industry and policy chops as it grows
HOUSTON, March 14, 2024 /PRNewswire/ -- Former Senior White House Special Assistant for Climate Policy and former CEO of leading organic waste recycler join Vaulted Deep ("Vaulted") Board of Directors. Both David J. Hayes and Steve Cole serve as members of the stand-alone biomass carbon removal and storage (BiCRs) carbon removal (CDR) company as of January 2024 and August 2023, respectively.
>> In Other News: Technip Energies, JGC and NPCC Received Limited Notice To Proceed for ADNOC's Ruwais LNG Project in the UAE
Last fall, Vaulted spun-off from deep well injection pioneer Advantek Waste Management Services. The company launched in September 2023, with $8 million in Seed funding from Lowercarbon Capital and pre-sold 1,666 metric tons of carbon dioxide removal, to advanced market commitment Frontier. Vaulted, unlike many of its CDR peers, already operates built and permitted injection facilities.
"Vaulted Deep's commitment to delivering high quality CDR, locking up carbon permanently underground is well underway. We are scaling up operations, removing CO2 from the atmosphere in real time," said CEO Julia Reichelstein. "David and Steve's expertise and our added staff capacity critically accelerate our efforts to geologically sequester carbon at scale and deliver key environmental co-benefits, while helping solidify the future of carbon removal as an industry."
Vaulted intercepts sludgy organic wastes – like biosolids, agricultural & livestock waste, paper sludge – before they are discarded in landfills or waterways or otherwise left to on the land to decompose and volatize. Vaulted's process removes carbon, eliminates significant methane emissions, and generates co-benefits, including reduced local pollution and water-borne health hazards. (Vaulted measures and verifies its carbon removals; it does not include methane emissions reductions or other co-benefits in its credit accounting.)
"As more investment flows into carbon removal, companies that are able to deliver measurable, high-quality, CDR and scale quickly will be essential in paving the way for this growing sector," said Board Member David J. Hayes. "Advantek, Vaulted's parent company, developed its removal technology decades before there was a market for CDR and, now that the market has emerged, Vaulted is poised to scale quickly and sustainably, leading the way for carbon removal to be the 'net' part of net-zero."
David Hayes, now a Lecturer at Stanford Law School and the Stanford Doerr School of Sustainability, led work on carbon sequestration initiatives, clean energy deployment issues, climate resilience, and greenhouse gas emission reduction in the Biden administration. Hayes previously served as the Executive Director of the State Energy & Environmental Impact Center at the NYU School of Law and as Deputy Secretary of the United States Department of the Interior during the Obama and Clinton administrations.
Steve Cole brings over three decades of experience and expertise in the industrial, environmental services, and logistics sectors to Vaulted's Board. He previously served as President and CEO of Synagro, a biosolids recycling company, Industrial Advisor for EQT Holdings, and as President & CEO for SVM, Inc. Hayes and Cole join co-founder and Executive Chairman Omar Abou-Sayed Lowercarbon Capital Partner Ryan Orbuch, and co-founder and CEO Julia Reichelstein on Vaulted's Board.
As the company continues to expand, Vaulted Deep has also added Audrey Patterson as Head of Regulatory and Legal and Bryan Epps as Carbon Dioxide Removal (CDR) Strategy and Commercialization Lead. Audrey Patterson brings more than a decade of legal and regulatory experience to Vaulted and most recently served as Vice President of Regulatory Affairs at Hazel Technologies, Inc. Prior to joining Vaulted, Bryan Epps was the Senior Manager of Operations at Cultivo, a climate financial technology company specialized in natural capital investment.
Vaulted Deep is a biomass carbon removal and storage (BiCRs) carbon removal company dedicated to the geologic sequestration of organic wastes. Vaulted Deep's mission is to utilize the proven and patented geologic slurry injection technology for permanent carbon dioxide removal (CDR) through the sequestration of organic wastes, thereby accelerating the earth's natural process and contributing significantly to the global fight against climate change. Vaulted Deep is backed by Advantek and Lowercarbon Capital, Earthshot Ventures, and others. To learn more, go to www.vaulteddeep.com.
SOURCE Vaulted Deep
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💧 Lummus and Advanced Ionics Establish Partnership for Green Hydrogen 🌫️ Capturing Carbon From the Air Just Got Easier 🏗️ Linde to Provide Carbon Capture Technology for Offshore ...
Inside This Issue 🌊 Microsoft Clinches Ocean-based Carbon Removal Deal With Ebb Carbon 🌱 New $5 Million DOE Award Supports KU Startup’s Green Hydrogen Energy Research ⚙️ Energy Vault EVx™ Gravity ...
Inside This Issue 💧 Independence Hydrogen Inc. Announces First of its Kind, Open Season for New, Clean Hydrogen Gas Supply to Serve the Eastern United States 🚛 DHL Supply Chain and Diageo North Am...
US oil and gas rig count unchanged this week, Baker Hughes says
Nov 1 (Reuters) - U.S. energy firms kept the number of oil and natural gas rigs operating unchanged for a second week in a row, energy services firm Baker Hughes (BKR.O), opens new tab said in its ...
Higher Asian LNG prices boost Shell Q3 sales vs TotalEnergies
LONDON, Oct 31 - Higher production and sales in Asia helped Shell's (SHEL.L), opens new tab liquefied natural gas (LNG) business outshine TotalEnergies' (TTEF.PA), opens new tab in the third quarte...
Zefiro Methane Corp. Founder & CEO Interviewed on Live Yahoo! Finance Broadcast
FORT LAUDERDALE, Fla., Nov. 01, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP.'s (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the 'Company', 'Zefiro', or 'ZEFI') Founder and Chief Executive ...
Aviva Launches Carbon Removal Fund
The fund aims to provide investors with access to a range of carbon removal projects, at a time when governments are waking up to the scale of work required to meet the goals of the Paris Agreement...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.