![]() ![]() These benefits combined with significantly lower land requirements than land-based or natural CO 2 capture methods, makes Sustaera a true pioneer of DAC 2.0. Sustaera’s DAC system is uniquely powered by carbon-free energy and differentiated by use of abundantly available natural minerals repurposed as carbon dioxide capture sorbents, as well as use of a modular component design to allow Sustaera to rapidly scale this technology using existing supply chains and manufacturing infrastructure. At scale, Sustaera projects it will capture a ton of CO 2 for less than $100/ton, serving the significant emerging Carbon Removal market projected to be >$ 1Trillion by 2030. Sustaera’s low-cost DAC technology has the potential to provide a real pathway to meet these global carbon dioxide removal targets. IPCC’s scenarios call for ~10 Gt/y of negative emissions by 2050 to achieve 1.5☌ pathway of which DAC is to contribute up to 6 Gt/y. Limiting global temperatures between 1.5☌ and 2☌ will require significant and rapid scaling of carbon dioxide removal technologies. ![]() Sustaera will use the investment to accelerate its research and development program and build its first pilot plant. ![]() Seed R&D funding was provided by the United States Department of Energy (DOE) and North Carolina’s Department of Commerce through multiple grants including one in partnership with Columbia University over the past several years. CARY, N.C.-( BUSINESS WIRE)- Sustaera, a direct air capture (DAC) carbon dioxide removal company spun-out of Susteon Inc., announced the closing of its $10M Series A financing round led by Breakthrough Energy Ventures and Grantham Trust’s Neglected Climate Opportunities LLC. ![]()
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