Published by Todd Bush on August 19, 2024
Climeworks has long been committed to high quality, durable, and measurable carbon removal. As we wrote last year in “Why Third Party Verification Matters,” while it is critical to increase the supply of carbon removal on the market as fast as possible, reaching the gigaton target should not come at the expense of high-quality criteria. That’s why we are particularly thrilled to share our Orca plant has achieved a groundbreaking BeZero Carbon Rating of AAA. Not only is this the highest rating in the industry, it is also the first time such a rating has been awarded to any project. This marks a significant milestone for both the carbon removal industry and for Climeworks as a leader in the field.
Climeworks' Orca plant in Iceland, the world's first direct air capture and storage facility in commercial operations.
>> In Other News: Next Hydrogen to Supply Latest Generation Electrolysis Technology for Renewable Energy Ammonia Production Research
This prestigious rating from BeZero reflects the very high effectiveness of our projects in removing CO₂ from the atmosphere. As a leading independent carbon ratings agency, BeZero’s assessment, supported by a robust team of climate scientists, geospatial experts, and analysts, reinforces the exceptional impact of our work. This achievement sets a new benchmark for the industry and highlights the transformative potential of direct air capture and carbon removal technologies.
A huge shoutout to our partners who have made this achievement possible: our storage partner, Carbfix, whose innovative solutions ensure secure and permanent storage of captured CO₂, and Puro.earth, our certifier, whose rigorous standards and validation have been integral to this success.
With Orca's AAA rating, we're proud to lead the way in direct air capture and carbon removal, showcasing the future of climate action.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💡 Bill Gates-backed Startup Says a Global Gold Rush for Buried Hydrogen is Picking Up Momentum 🌍 Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a...
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Inside this Issue 💡 1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding 🔗 H2 Clipper's Patented 'Hydrogen Ledger' Uses Blockchain Technology to Track Purity a...
Plan to Build California’s First Carbon Removal and Storage Project Gets a Big Boost
BAKERSFIELD, Calif. — A plan to build California’s first carbon storage facility received a big boost Thursday night. The Kern County Planning Commission voted to give the state’s largest oil produ...
Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a New Color
America and Europe have been strong trade partners for hundreds of years. A new venture to ship clean hydrogen across the Atlantic Ocean is set to bring the relationship into a greener and more env...
AFC Energy Launches Hyamtec Limited (“Hyamtec”) to Unlock the Global Hydrogen Value Chain
DUNSFORD, England--(BUSINESS WIRE)--Hyamtec, the UK’s newest hydrogen company, has been launched by AFC Energy plc to deliver next-generation modular ammonia cracking technology. This launch repres...
Technip Energies Appoints Benjamin Lechuga as New Chief Strategy & Sustainability Officer
Technip Energies announces the appointment of Benjamin Lechuga as Chief Strategy & Sustainability Officer and member of the Group Executive Committee >> In Other News: JBS USA and GreenG...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.