Cleantech startup Brineworks introduced that it has raised €6.8 million (USD$7.95 million) in funding, with proceeds aimed toward advancing its expertise enabling renewable energy-powered, and low-cost Direct Air Seize (DAC) carbon removing and clear gas manufacturing.
DAC expertise, listed by the IEA as a key carbon removing choice within the transition to a net-zero vitality system, extracts CO2 straight from the environment to be used as a uncooked materials or completely eliminated when mixed with storage. Whereas poised to considerably contribute to carbon removing, nonetheless, DAC faces value limitations, with most DAC programs at the moment requiring between $200 and $600 per ton. The excessive value additionally makes it troublesome for artificial fuels produced with DAC to compete with conventional vitality sources.
Based in 2023 by CEO Gudfinnur Sveinsson and CTO Dr. Joseph Perryman, Amsterdam-based Brineworks is growing DAC expertise aimed toward enabling sub-$100/ton CO2 seize, alongside hydrogen co-production applied sciences to unlock reasonably priced e-Gas manufacturing. The corporate’s course of relies on its patented electrolyzer, which makes use of saltwater could be run on intermittent electrical energy, in comparison with different DAC programs that require costly sorbents, steady operation, and thermal inputs, enabling Brinework’s expertise to considerably cut back capex wants, enable extra versatile location choices, and to run on intermittent renewable vitality, whereas producing vital quantities of hydrogen.
Sveinsson stated:
“It’s clear the place the world is heading. Renewable vitality is changing into cheaper sooner than anybody predicted. The bottleneck now could be expertise that may use this energy flexibly and affordably. That’s precisely what we’ve constructed — an electrolyzer that runs when the solar shines or the wind blows, and pauses when it doesn’t. We’re unlocking a dream that’s been out of attain for many years.”
The brand new financing consists of €5 million in seed funding led by SeaX Ventures, and with participation from Pale Blue Dot, First Momentum, AiiM Companions, Energie360°, in addition to a €1.8 million grant from the European Innovation Council (EIC) Accelerator, the EU’s flagship program for breakthrough improvements.
Dr. Child Parchariyanon, Founder and Managing Accomplice at SeaX Ventures, stated:
“This funding marks an inflection level for Brineworks, and we imagine they’ve the potential to meaningfully cut back world emissions. Supporting them aligns straight with our objective of serving to to chop 1% of the world’s carbon footprint—we’re proud to be a part of their journey.”
Brineworks stated that the brand new capital will likely be used to scale its system to pilot stage, with the corporate concentrating on industrial readiness by the tip of 2026.
Perryman stated:
“We envisioned the electrolyzer of the long run — and now it’s right here. With many lengthy nights of labor, we’ve confirmed a transparent path to capturing CO₂ straight from air at under $100 per ton. That’s the edge the world has been ready for, and now the scale-up begins.”
