Climeworks Receives First Ever AAA Rating From BeZero Carbon
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.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Microsoft's "Pause" Just Produced 650,000 Tonnes of BECCS Microsoft's "Pause" Just Produced 650,000 Tonnes of BECCS
Inside This Issue 🌱 Microsoft's BioCirc Deal Signals BECCS Is Now Bankable 🔎 Hydrogen Exploration in Iowa Well Underway 🛢️ Alberta Sees Oil Sands Deal on Carbon Project Within Two Months 🍁 This Ca...
-
2.3 Million Tonnes Removed. One Buyer Did Half.
Inside This Issue 🛫 Boeing Backs $10M Quebec SAF Project to Fly by 2027 🏗️ Eni CCUS Holding Expands the Financing Sources for Its Platform of CCS Projects 🍁 GeoRedox and Canada Nickel Launch First...
-
EPA Repeal Rule Heads to White House — Big Shift for Carbon Projects?
Inside This Issue 🏛️ EPA Sends Final Rule to Repeal Power Plant Greenhouse Gas Standards to White House for Review 🌬️ NTT DATA Partners with Climeworks for Carbon Removal 🏭 Honeywell Gives a Shutt...
Company Announcements
-
Vallourec AND Syngular Solutions SIGN A MEMORANDUM OF UNDERSTANDING TO ACCELERATE THE DEVELOPMENT OF BIOENERGY WITH CARBON CAPTURE AND STORAGE PROJECTS Meudon (France), on May 22, 2026 – Vallourec...
-
MPI Leads Hydrogen Fuel Technology Evaluation at Southern Miss
The Mississippi Polymer Institute (MPI) at The University of Southern Mississippi is steering evaluation of the commercial and industrial viability of clean energy technology, including hydrogen’s ...
-
Collaborative R&D on next-gen technologies including waste heat recovery power generation and CCUS, driving local implementation Part of the Industrial and Technological Benefits (ITB) pro...
-
Direct Carbon Pricing Covers Nearly One Third of Global Emissions
Carbon pricing raises over $107 billion in government revenue WASHINGTON, May 19, 2026—Carbon pricing revenues have tripled over the past decade—rising from below $30 billion in 2016 to mobilizing...