Published by Todd Bush on April 18, 2025
novoMOF said it has raised CHF 4.4 million (USD $5.4 million) to further advance its sustainable materials for low-cost carbon capture in high-emissions industrial sectors.
Founded in 2017 as a spinoff that grew out of the Swiss Paul Scherrer Institute (PSI), novoMOF develops Metal Organic Frameworks (MOFs), a new class of highly porous materials with exceptionally high surface area in a compact volume, for a range of applications, including point-source CO2 capture. MOFs, a new class of highly porous materials, were first discovered and developed by Omar M. Yaghi, Professor of Chemistry at UC Berkeley, who is a scientific partner of novoMOF. When precisely engineered, MOFs can act as “molecular cages,” selectively capturing and separating target substances such as CO2, methane or other high-value gases.
>> In Other News: Project to Suck Carbon Out of Sea Begins in UK
According to novoMOF, the company’s MOF-based CO2 capture materials have the potential to capture CO2 at costs well below €100 per ton of CO2. novoMOF said that it aims to capture six million tons of CO2 per year with its MOFs by 2030, and that it is currently targeting point-source CO2 capture across various industrial sectors, including energy production and industrial processes. The company added that the highly space-efficient CO2 capture designs enabled by MOFs also make them well suited for maritime and heavy-duty transport applications.
GTT Strategic Ventures, the investment fund of the GTT group, led the round, alongside Shift4Good, Regenerative ltd, and other investors.
Daniel Steitz, CEO and Founder at novoMOF, said:
"This investment marks a significant milestone in our journey to make MOF-based CO₂ capture both scalable and economically viable. With the support of GTT Strategic Ventures, Shift4Good, Regenerative, and our existing investors, we are accelerating the deployment of our advanced MOF materials where it matters most—at the heart of industrial, energy and transport emissions. Our goal is clear: to deliver meaningful impact on global emissions through cutting-edge materials and strong partnerships."
Hélène Loncin, Head of Venture Capital at GTT, added:
"GTT Strategic Ventures is proud to support the development of novoMOF, whose high-performance materials will help address the challenge of decarbonising maritime transport. Together with our co-investors, we are pleased to back a talented and committed team whose work has the potential to make a real difference in CO₂ reduction"
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside the Issue 🌎 Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 ✈️ Delta Partners Wi...
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...
More than 5,000 attendees are expected at Canada’s national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17–...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.