CREW Carbon Secures $5.3M to Scale Carbon Capture in Wastewater Treatment
The funding, led by Breakthrough Energy Ventures, supports scalable solutions for sustainable treatment processes.
Big idea:
- CREW Carbon has raised $5.3 million in seed funding to scale its carbon capture technology that targets wastewater treatment facilities to remove carbon dioxide (CO₂) through enhanced weathering.
Why it matters:
- Approximately 10 gigatons of CO₂ must be removed annually by 2050 to meet global climate targets.
- CREW's solution uses existing wastewater infrastructure to cost-effectively capture CO₂ by removing biogenic carbon. This approach provides valuable co-benefits for wastewater operators, making it an attractive and easily adoptable option within the industry.
Key details:
- Developed at Yale, CREW’s technology uses enhanced weathering within the earth’s water cycle to store CO₂ permanently.
- The technology focuses on biogenic CO₂ in wastewater, leveraging wastewater’s natural CO₂ concentration for scalable carbon removal.
- CREW is already operating in several plants and plans to expand operations next year, aiming for thousands of tons of CO₂ removed.
- The funding round was oversubscribed and led by Counteract, with participation from several other investors including ReGen Ventures, ANIMO, and Connecticut Innovations.
“Robust greenhouse gas removal is needed, and needed swiftly, to limit the effects of climate change and to meet our climate goals,” stated Dr. Joachim Katchinoff, CREW Co-Founder and CEO.
What's next:
- CREW plans to use the seed fund to expand the team, deploy systems at additional plants, and enhance its proprietary carbon monitoring, reporting, and verification (MRV) system.
Proof points:
- Strong investor interest suggests wide industry support, positioning CREW as a viable leader in scalable carbon removal.
- CREW has already achieved successful pilot projects demonstrating cost reduction and improved operational efficiency in wastewater treatment.
- The solution is seen as scalable and cost-effective, addressing climate change while addressing operational challenges in wastewater treatment plants.
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