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
-
LNK Energies Targets $6.50 Hydrogen With No Federal Subsidies
Inside This Issue 🚛 MIT Startup Says It Can Turn Diesel Trucks Into Cheaper Hydrogen Haulers, See It at Disrupt 🏭 Baytown City Council Briefs: ExxonMobil Blue Hydrogen Agreement Approved 🌎 Colorad...
-
Why Gulf Coast CCS Teams Are Watching Liverpool Bay
Inside This Issue 💂 Eni’s Douglas Platform Sets the Offshore CCS Blueprint 🌲 Pacolet Milliken Expands Its Biomass Platform With the Acquisition of Georgia Renewable Power 🧪 Metacon Receives EU Fun...
-
Who Bought Gevo’s $50M in 45Z Credits?
Inside This Issue ⛽ Gevo Sells $70M in 45Z Credits to a New Kind of Buyer 🌱 South Pole, Gaïago, and Gold Standard Issue European Soil Carbon Credits, Unlocking Verified Regenerative Agriculture Re...
Company Announcements
-
MIT Startup Says It Can Turn Diesel Trucks Into Cheaper Hydrogen Haulers — See It at Disrupt
Diesel fuel powers everything from shipping to agriculture, and with prices hitting record highs in recent weeks, governments around the world are scrambling to contain the fallout. For now, that’...
-
Gevo Announces First Multi-Year Carbon Removal Credits Supply Agreement Through CEEZER
Three-Year Delivery of Durable Carbon Removals from Gevo North Dakota to a Leading Global Enterprise Software Company Gevo will supply durable carbon dioxide removal (CDR) credits from Gevo North...
-
Continental Refining to Double Biodiesel Capacity at Somerset Complex
SOMERSET, Ky. — Continental Refining Company is expanding its biodiesel production facility to double capacity at its Somerset industrial complex, while its soybean processing plant will remain idl...
-
Groundwork BioAg Secures 'BBB' BeZero Carbon Rating
The rating places Groundwork BioAg among the highest-rated agricultural soil carbon projects, opening a scalable pipeline of independently rated, high-integrity removals for corporate buyers. MAZO...