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 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...
Inside This Issue ✈️ Pittsburgh Airport Is Building America's First On-Site SAF Plant 📝 Wren's 2026 Request for Proposals 🍁 Canada Expands CCUS Investment Tax Cr to Include Enhanced Oil Recovery 🏭...
Inside This Issue 🍁 Carney To Visit Calgary On Friday To Announce Industrial Carbon Pricing Deal, Sources Say 🚆 Frontier Advances CO₂-By-Rail System With Key Carbon Market Milestones ⛽ US House Pa...
Mantel and Wood Announce MOU to Scale High-Temperature Carbon Capture
Wood named preferred fired-equipment partner as first commercial project advances in Western Canada CAMBRIDGE, Mass., May 19, 2026 -- Mantel Capture, Inc., the leading provider of energy-efficient...
NTT DATA Partners With Climeworks for Carbon Removal
NTT DATA partners with Climeworks to integrate carbon removal into its Net Zero plans, becoming the first Japan-based IT services provider to do so NTT DATA has entered a partnership with Climewor...
Breakthrough Blueprint: Scaling Carbon-Storing Concrete with Paebbl and Goldbeck
At Holcim, we believe the path to net zero involves reimagining the materials that build our world. It’s about partnering across the building value chain to scale innovative solutions, such as Paeb...
Vaulted Deep Named to 2026 CNBC Disruptor 50 Amid Rapid Expansion of Waste Infrastructure
The waste management company is introducing the first new major disposal pathway for hard-to-manage organic waste in decades HOUSTON, May 19, 2026 -- Vaulted Deep, a waste management company build...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.