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 🌬️ Spiritus Signs First Three Letters of Intent With U.S. Oil Producers for On-Site CO₂, Representing More Than 3 Million Tonnes of Annual Demand ✈️ Germany's Uniper Signs Offtak...
Inside This Issue ♻️ Vanguard Renewables and Generate Upcycle Unite to Create North America's Largest Food Waste-to-RNG Platform 🌍 Google Is Buying Climate Impact on Two Clocks at Once ✈️ Infinium...
Inside This Issue 🌊 EU's First Full-Scale Carbon Storage Site Goes Live as INEOS Greensand Begins Operations ⚡ IRS 45Z Guidance Reshapes U.S. Biofuel Economics 🏭 Avnos Introduces the Avnos HDAC Mo...
Jacobs Extends Role on German Hydrogen-Capable Direct Reduction Plant
DALLAS – Jacobs (NYSE: J) was selected to extend its role on thyssenkrupp Steel's direct reduction plant in Duisburg, Germany, continuing to provide project management office (PMO), construction ma...
Federal Government Developing Framework for Greater International Cooperation on Carbon Markets
OTTAWA, ON, Sept. 24, 2026 /CNW/ -- With world-class industrial expertise, geology, clean power, abundant natural resources, and a strong policy foundation, Canada has an opportunity to build a glo...
Growth investment supports Xpansiv’s M&A strategy, international expansion, and product development LONDON — 22 September 2026 — Xpansiv, the leading infrastructure provider for the global ene...
Avnos Bets on Modular Manufacturing to Speed Up DAC Deployment
Direct air capture is borrowing a page from the clean-energy playbook: build standardized units in a factory, test them before shipping, and deploy multiple modules instead of redesigning every pro...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.