Published by Todd Bush on May 9, 2025
World’s largest annual CDR delivery deal: Microsoft'’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually.
$1.3B BECCS facility operational by 2028: Stockholm Exergi’s plant will permanently store biogenic CO₂ beneath the North Sea.
Significant climate leadership signal: Microsoft doubles down on durable carbon removal as part of its aggressive net-zero strategy.
Microsoft has more than doubled its carbon removal commitment with Stockholm Exergi, increasing the volume of carbon dioxide to be permanently stored from 3.3 million tons to 5.08 million tons over a 10-year period.
The agreement centers on Stockholm Exergi’s Bioenergy with Carbon Capture and Storage (BECCS) facility, currently under construction near Värtaverket in Stockholm. Slated to be operational by 2028, the \$1.3 billion plant will be capable of removing up to 800,000 tons of CO₂ annually—surpassing emissions from all road traffic in Stockholm over the same timeframe.
“This agreement is the world’s largest, calculated in terms of annual deliveries,” said Stockholm Exergi in a company statement.
Captured biogenic CO₂ will be temporarily stored before transport to Norway, where it will be permanently injected underground in the North Sea. This part of the operation is backed by the Northern Lights project, a cross-border carbon transport and storage initiative by Equinor ASA, Shell Plc, and TotalEnergies SE.
“Microsoft’s choice to extend its agreement with us shows strong confidence in our bio-CCS project and our ability to deliver sustainable, permanent negative emissions,” said Anders Egelrud, CEO of Stockholm Exergi. “It is also a clear signal that companies with high climate ambitions in the voluntary market continue to focus on combating climate change and on building up the industry for negative emissions.”
Anders Egelrud, CEO of Stockholm Exergi
>> In Other News: We’re Announcing Two New Partnerships to Eliminate Superpollutants and Help the Atmosphere
This expansion underscores Microsoft’s leadership in the voluntary carbon market and complements a string of recent deals in the CDR space. In the last month alone, Microsoft signed agreements with Carba, Living Carbon, AtmosClear, Fidelis, and CO280, with the latter involving a 3.685M-ton deal targeting the U.S. pulp and paper sector.
For Microsoft, the expanded partnership reinforces its goal of becoming carbon negative by 2030 and driving market development for high-durability carbon removal solutions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 📉 EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion 📊 California to Extend Cap-and-trade Program Aimed at Advancing ...
Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...
Inside This Issue 🌍 Global Hydrogen Industry Surpasses USD 110 Billion In Committed Investment As 500+ Projects Worldwide Reach Maturity ♻️ Cielo Advances Waste-to-Fuel Innovation with Project Nex...
WASHINGTON – Today, in accordance with President Trump’s Day One executive orders, the U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin announced a proposed rule to end the burde...
Montreal, Quebec – September 15, 2025 (Newsfile Corp.) – Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company") is pleased to announce that its U.S. speci...
Vancouver, British Columbia – First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("First Hydrogen" or the "Company") welcomes Prime Minister Mark Carney's announcement of the Darlington...
Alleo Demonstrates Cellulose-To-Hydrogen Process
Alleo Energy, a US biomass reforming technology developer, has demonstrated at commercial scale a process that converts cellulosic waste into carbon-negative green hydrogen. The Bay Minette, Alaba...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.